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Bioline, Hapoalim, Bezeq, Africa-Israel: Israeli Equity Preview

July 3 (Bloomberg) -- The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after company names and prices are from the last close unless otherwise stated.

The TA-25 Index fell 0.4 percent to 1,223.91 in Tel Aviv.

Africa-Israel Investments Ltd. (AFIL IT): The holding company completed the purchase of an additional 5.1 percent stake in AFI Development Plc for $64 million. Africa-Israel retreated 2.2 percent to 21.23 shekels.

Bezeq The Israeli Telecommunication Corp. (BEZQ IT): The country’s largest communications company said it raised gross proceeds of 2.71 billion shekels ($802 million) from the sale of bonds. Bezeq rose 0.2 percent to 8.574 shekels.

Bioline RX Ltd. (BLRX IT): The biopharmaceutical development company filed a request to the U.S. Securities and Exchange Commission to withdraw a planned sale of shares in the U.S. Bioline declined 2.1 percent to 1.636 shekels.

Bank Hapoalim Ltd. (POLI IT): The country’s second-largest bank by assets approved a 270 million-shekel dividend payable July 27. Hapoalim fell 1.1 percent to 16.92 shekels.

Israel Petrochemical Enterprises Ltd. (PTCH IT): A unit of the maker of raw materials for the plastic industry completed the purchase of a 1.9 percent stake in Avgol Industries 1953 Ltd. (AVGL IT) for 10 million shekels. Israel Petrochemical dropped 3.4 percent to 11.21 shekels. Avgol slipped 0.3 percent to 2.773 shekels.

Koor Industries Ltd. (KOR IT): The holding company signed an agreement for a $960 million loan under terms of the sale of a stake in Makhteshim-Agan Industries Ltd. (MAIN IT) to China National Chemical Corp. Koor advanced 0.3 percent to 65 shekels. Makhteshim dropped 0.3 percent to 19 shekels.

Shamir Optical Industry (SHMR IT): Essilor International completed the acquisition of a 50 percent stake in the provider of technology for the ophthalmic lens industry. Shamir was unchanged at 48.66 shekels.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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