Babylon, Shikun & Binui, Paz Oil, Teva: Israel Equity Preview

Dec. 26 (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 dropped the most this month, declining 0.6 percent to 1,305.45 at the close in Tel Aviv.

Babylon Ltd. (BBYL IT): The translation software developer renewed a cooperation agreement with Google Inc. for two years. Babylon rose 1.3 percent to 4.863 shekels.

Paz Oil Co. (PZOL IT): The maker of oil-based products received notification of a class-action lawsuit against the company accusing it of selling inferior products. Paz gained 0.7 percent to 630 shekels.

Shikun & Binui Ltd. (SKBN IT): The construction company’s rating was raised to ilA from ilA- with the outlook changed to "stable" from "negative" at Standard & Poor’s Maalot. Shikun & Binui fell 0.6 percent to 9.8 shekels.

Teva Pharmaceutical Industries Ltd. (TEVA IT): The world’s largest maker of generic drugs failed to win U.S. approval for a new formulation of its top-selling multiple sclerosis medicine Copaxone and said regulators may require a new study to prove that it works. Teva declined 0.8 percent to 182.40.

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