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Israeli Stocks: Ormat Industries and Ratio Oil Exploration 1992

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Feb. 23 (Bloomberg) -- Israel’s TA-25 Index dropped the most since Jan. 30, sliding 1.4 percent to 1,295.6 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.93 billion shekels ($528.5 million) in shares and convertible securities.

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

Ormat Industries Ltd. (ORMT IT) dropped to the lowest level since Nov. 28, losing 2.4 percent to 27.85 shekels. The builder and operator of geothermal plants said it will report a loss for the fourth quarter and all of 2010 after a writedown of the value of a unit’s power station.

Ratio Oil Exploration 1992 LP (RATIL IT) increased to the highest since Feb. 10, advancing 1.9 percent to 0.586 shekel. Barclays Capital said the full potential of the Leviathan discovery isn’t priced into shares of the explorer.

To contact the reporter 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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