Feb. 1 (Bloomberg) -- Israel’s TA-25 Index dropped for the second time this week, decreasing 0.2 percent to 1,289.71 at the 4:30 p.m. close in Tel Aviv. Investors traded about 2.5 billion shekels ($677 billion) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
Exalenz Bioscience Ltd. (EXEN IT) lost 4 percent to 0.889 shekel, the lowest level since July 19. The developer of breath-testing systems to diagnose and manage diseases said it’s looking to raise 20 million shekels in a rights offering.
Bank Hapoalim Ltd. (POLI IT) fell to the lowest since Oct. 31, declining 1.4 percent to 16.60 shekels. Zion Kenan, chief executive officer of Israel’s second-largest bank by market value, was questioned yesterday under caution by police regarding a loan to Dani Dankner when Dankner was chairman of the lender. The bank is continuing operations as usual, it said.
Israel Chemicals Ltd. (ICL IT), the company that extracts minerals from the Dead Sea to make fertilizer, climbed the most since Dec. 7, increasing 3.3 percent to 60.14 shekels. Canpotex Ltd., the international trading arm of North America’s largest potash producers, raised the price of the crop nutrient for export to Asia and Latin America by $30 a metric ton.
“This is a meaningful price increase which is expected to increase ICL revenue in these markets,” said Guil Bashan, an analyst at Israel Brokerage & Investments Ltd.
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