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Israeli Stocks: Alrov Properties & Lodging, Can Fite BioPharma

Dec. 8 (Bloomberg) -- Israel’s TA-25 Index declined for the first time in six days, dropping 0.2 percent to 1,292.52 at the 4:30 p.m. in Tel Aviv. Investors traded about 1.7 billion shekels ($469 million) in shares and convertible securities.

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

Alrov Properties and Lodging Ltd. (ALRPR IT) rose to the highest level in more than a month, adding 2.1 percent to 81.71 shekels. The real-estate developer was initiated with a “buy” recommendation and a price estimate of 104 shekels per share at Clal Finance Ltd.

Can Fite BioPharma Ltd. (CFBI IT) climbed to the highest level since November 2009, gaining 3.1 percent to 0.76 shekel. The biopharmaceutical company completed preparations for the beginning of stage III clinical tests.

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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