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Allot, Bezeq, Nova Measuring, B Yair: Israeli Equity Preview

Aug. 2 (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 last close unless otherwise stated.

The TA-25 Index fell 2 percent to 1,199.45 in Tel Aviv.

Allot Communications Ltd. (ALLT IT): The biggest maker of high-speed networking equipment plans to issue 4.5 million shares and shareholders will offer 965,000 shares. Allot increased 1.1 percent to 52.04 shekels.

Bezeq The Israeli Telecommunication Corp. (BEZQ IT): The country’s largest communications company said second-quarter net income dropped 8.3 percent to 585 million shekels ($170 million). Bezeq declined 2 percent to 8.24 shekels.

B Yair Building Corp. (1988) Ltd. (BYAR IT): The construction company said it is examining an offering of a new bond series to raise as much as 100 million shekels. B Yair was unchanged at 24.50 shekels when it last traded July 6.

Israel Discount Bank Ltd. (DSCT IT): Standard & Poor’s raised the Latin American unit of the country’s third-largest bank to BB+ from BB. Discount declined 2.7 percent to 6.40 shekels.

Nova Measuring Instruments Ltd. (NVMI IT): The maker of measuring instruments for the semiconductor industry said second-quarter net income rose to $9.2 million from $4.7 million a year earlier. It forecast third-quarter revenue of $24 million to $27 million with net profitability of 20 percent to 25 percent. Nova advanced 2.9 percent to 30.25 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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