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Brimag Digital, Magic Software, Teva: Israel Equity Preview

Dec. 12 (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 advanced 0.4 percent to 1,298.14 in Tel Aviv.

Brimag Digital Age Ltd. (BRMG IT): The seller of digital appliances requested through a unit a mobile virtual network operator license from the Israel Ministry of Communications. Brimag rose 1.6 percent to 22.96 shekels.

Magic Software Enterprises Ltd. (MGIC IT): The software developer’s shares will be listed on the Tel Aviv MCAP-50 Index as of Dec. 15. Magic dropped 1.6 percent to 23.18 shekels.

Teva Pharmaceutical Industries Ltd. (TEVA IT): The U.S. Supreme Court will consider whether generic-drug makers can be sued for not warning patients about the risk of dangerous side effects, agreeing to hear arguments from units of Mylan Inc. and Teva. Teva, the world’s largest maker of generic drugs, rose 6.9 percent to 190 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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