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Africa-Israel, Cellcom, Gazit-Globe: Israeli Equity Preview

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Dec. 2 (Bloomberg) -- The following stocks may rise or fall in the Israeli market. Stock symbols are in parentheses after company names and prices are from the last close unless otherwise stated.

The TA-25 Index rose 0.7 percent to 1,255.21 in Tel Aviv.

Africa-Israel Investments Ltd. (AFIL IT): AFI Europe NV, a real-estate investor and developer in eastern Europe and a unit of Africa-Israel, postponed its Warsaw initial public offering due to “unfavorable” market conditions. Africa-Israel fell 1.5 percent to 22.45 shekels.

Cellcom Israel Ltd. (CEL IT): The mobile phone provider restored most service after its network stopped operating from yesterday morning into the evening, TheMarker reported. Cellcom advanced 1 percent to 122.50 shekels.

Gazit-Globe Ltd. (GLOB IT): The real estate company may have formed a group to bid for Centro Properties Group’s shopping center assets, the Australian newspaper reported. Gazit-Globe declined 0.3 percent to 42.58 shekels.

To contact the reporter on this story: David Wainer in Tel Aviv at

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

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