Israel’s TA-25 Index declined for a fourth day, retreating 0.3 percent to 1,324.64 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.8 billion shekels ($497.4 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
Enlight Renewable Energy Ltd. (ENLT IT) climbed for the third time in four days, gaining 2.2 percent 0.613 shekel. The developer of photovoltaic systems won a tender to build systems in Ofakim, Israel and also received conditional approval from Israel’s Public Utility Authority-Electricity to build renewable energy electricity production facilities on Kibbutz Gazit.
Mazor Robotics Ltd. (MZOR IT) jumped the most since Sept. 1, advancing 7.3 percent to 10.80 shekels. The maker of medical devices for surgical procedures said the U.S. Food and Drug Administration approved marketing of the company’s Emerald spine-stabilization implants.
Orbit Technologies Ltd. (ORBI IT) climbed for the first time in six days, increasing 1.9 percent to 27.97 shekels. The maker of electronics for the communications and transportation industries said it received a follow-on order for its ORSAT systems.
Partner Communications Co. (PTNR IT) advanced 1.4 percent, the most since Dec. 5, to 74 shekels. The merger of Israel’s second-largest mobile-phone company with 012 Smile Telecom Ltd. is likely to be approved by the Israel Antitrust Authority, TheMarker reported. Ilan Steiner, a spokesman for the regulator, told Bloomberg no decision has been reached.
Silicom Ltd. (SILC IT) rose to the highest since October 2007, gaining 8.9 percent to 71.67 shekels. The shares climbed 11 percent in U.S. trading yesterday after the developer of products for mobile users said fourth-quarter profit increased to $2 million from $1.4 million a year earlier.