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Israeli Stocks: Delek Real Estate and First International Bank

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Dec. 1 (Bloomberg) -- Israel’s TA-25 Index gained the most since Nov. 21, adding 0.7 percent to 1,255.21 at the 4:30 p.m. close in Tel Aviv. Investors traded about 2.1 billion shekels ($573 million) in shares and convertible securities.

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

Delek Real Estate Ltd. (DLKR IT) dropped to the lowest in more than six months, falling 5 percent to 1.376 shekels. The property developer said it plans to sell bonds and offer shares to meet debt obligations.

First International Bank of Israel Ltd. (FTIN IT) declined 1.3 percent, the most since Nov. 11, to 53.30 shekels. The country’s fifth-largest lender was cut to “market perform” from “outperform” at Clal Finance Brokerage Ltd.

To contact the reporters on this story: Ronit Goodman in Tel Aviv at rgoodman9@bloomberg.net;

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

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