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Bank Leumi, Gilat, Kardan, Teva: Israel Equity Preview

Nov. 30 (Bloomberg) -- The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the close unless otherwise stated.

The TA-25 Index rose less than 0.1 percent to 1,263.13 in Tel Aviv.

Bank Leumi Le-Israel Ltd. (LUMI IT): Israel’s largest bank posted third-quarter net income of 603 million shekels ($164 million) compared with 534 million shekels a year earlier. Leumi increased 0.5 percent to 17.77 shekels.

Gilat Satellite Networks Ltd. (GILT IT): The developer of satellite network technology completed its acquisition of Wavestream Corp. for about $130 million. Gilat fell 0.7 percent to 17.99 shekels.

Kardan Israel Ltd. (KRIS IT): The real estate investment group’s third-quarter net income rose to 24.9 million shekels from a profit of 33.3 million shekels a year-earlier. Kardan rose 0.5 percent to 8.207 shekels.

Perrigo Inc. (PRGO IT): The manufacturer of over-the-counter pharmaceuticals said its licensor Synthon received final approval from the U.S. Food and Drug Administration for a generic version of Xyzal allergy tablets. Perrigo gained 0.3 percent to 228.5 shekels.

Teva Pharmaceutical Industries Ltd. (TEVA IT): The world’s largest maker of generic drugs’ strategic partner in the distribution of a generic version of Concerta tablets, Impax, is being sued by Alza Corp. for patent infringement in a U.S. District Court in Delaware. Teva rose 0.2 percent to 186.3 shekels.

To contact the reporter on this story: Calev Ben-David in Jerusalem at cbendavid@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg in Jerusalem at phirschberg@bloomberg.net

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