Israel Stocks: Cellcom, Partner, Bezeq, Ratio, Delek Drilling

Israel’s benchmark TA-25 index rose for a second day, gaining 0.2 percent to 1,072.35 at 12:47 p.m. in Tel Aviv.

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

Cellcom Israel Ltd. (CEL) , Israel’s largest mobile-phone company, dropped 2.1 percent, the most since June 11 in intraday trade, to 27.60 shekels. A parliamentary committee yesterday eased rules for mobile-phone imports, raising concerns of a further erosion of revenues. Bezeq Israeli Telecommunication Corp. (BEZQ) , which provides wireless services via a unit, dropped 0.9 percent to 4.41 shekels. Partner Communications Co. (PTNR) , the country’s second-largest mobile-phone provider, dropped 2.1 percent to 17.54 shekels.

Ratio Oil Exploration 1992 LP (RATIL) , the oil and gas explorer, advanced 1.8 percent, the most since June 7, to 0.291 shekel. The company said production tests in the Leviathan 1 field at the Rachel/349 license area were completed successfully. Delek Drilling-LP (DEDRL) , a partner at the license, advanced 1.7 percent to 12.27 shekels.

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.