Israel Stocks: Camtek Ltd. and Magic Software Advance

Israel’s TA-25 index retreated to the lowest intraday level since April 18, declining 0.5 percent to 1,141.39 at the 1:28 p.m. in Tel Aviv.

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

Camtek Ltd. (CAMT) gained 1.4 percent, the most since May 3, to 9.22 shekels. The maker of optical-inspection systems said it received repeat orders totaling $5 million from a U.S.- based integrated device manufacturer.

Magic Software Enterprises Ltd. (MGIC) rose 2.6 percent to 24.36 shekels. The software technology company said first- quarter profit rose to $4.2 million from $3.1 million a year earlier. Revenue increased to $30 million, beating the $29.3 million estimate of Maxim Group LLC and Rodman & Renshaw LLC, according to data compiled by Bloomberg.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.