Israel Stocks: Avgol, EZchip, Leumi, Hapoalim, Shemen, Babylon

TA-25 Index gains 0.9% at 4:30 pm close in Tel Aviv.

ADVANCERS * Avgol (AVGL) +2.2%; Israel Petrochemical says in talks with foreign investment fund to sell stake in co. * EZchip (EZCH) +7% * Babylon (BBYL) +5%; Calcalist says Co. seeking to raise $1b via Nasdaq listing; co. official declines to comment * Israel Chemicals (ICL) +4.3%; heat waves in Southern Europe and U.S. drought are withering corn crops * Shemen (SMOG) +23%, gains 42% in two days after co. yday said accord signed with Israel Defense Ministry to allow drilling in the Yam 3 field * Silicom (SILC) + 7.2%; U.S. shrs rose 6.7% yday as 2Q rev. advanced 11% and net income increased 16% yoy

DECLINERS * Bank Leumi (LUMI) -2.2 %; Bank Hapoalim (POLI) -2%; Bank Discount (DSCT) -0.4%; Citigroup sees outlook for Israeli banks worsening on local economy, higher capital requirements

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

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.