Israel Stocks: Bezeq, Israel Corp., Property & Building

Israel’s TA-25 index rose to its highest level since Oct. 27, advancing 0.2 percent to 1,164.89 at the 4:30 p.m close in Tel Aviv. Investors traded about 631 million shekels ($168.4 million) of shares and convertible securities, according to bourse data.

The following stocks rose or fell today. Symbols are in parentheses.

Bezeq Israeli Telecommunication Corp. (BEZQ) gained the most in almost two weeks, adding 2.9 percent to 6.29 shekels. The telecommunications provider said it would pay a dividend of 1.57 billion shekels ($419 million) in May. Internet Gold-Golden Lines Ltd. (IGLD) , which has a stake in Bezeq through its B Communications Ltd. (BCOM) unit, rose 2.5 percent to 22.98 shekels. B Communications, owner of a 31 percent interest in Bezeq, advanced 3.5 percent to 36.32 shekels.

Israel Corp. (ILCO) rose to the highest level in a week, increasing 1 percent to 2,455 shekels. The holding company which has a stake in a maker of charging stations for electric cars, gained after the Finance Ministry said it will increase a tax break on electric and hybrid vehicles.

Property & Building Corp. (PTBL) gained the most since April 15, climbing 1 percent to 144.50 shekels. The property company is considering refinancing debt valued at as much as $400 million for its HSBC tower in Manhattan and extending its series B3 and B4 bonds.

To contact the reporter on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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