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Israeli Stocks: Harel Insurance Investments, Paz Oil, Scailex

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Aug. 24 (Bloomberg) -- Israel’s TA-25 Index gained for a third time this week, advancing 0.8 percent to 1,115.25 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.16 billion shekels ($321.5 million) of shares and convertible securities today, according to Tel Aviv Stock Exchange data.

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

Harel Insurance Investments & Financial Services Ltd. (HARL IT) jumped to the highest level since Aug. 8, advancing 2.9 percent to 155 shekels. The country’s third-biggest insurance company by market value said net income surged more than sixfold to 95 million shekels.

Paz Oil Co. (PZOL IT) declined 3 percent to 468.50 shekels, the biggest drop since Aug. 7. The maker of petroleum-based products said second-quarter net income fell 31 percent to 100 million shekels.

Scailex Ltd. (SCIX IT) slid to the lowest since March 2009, falling 3.1 percent to 27.13 shekels. Standard & Poor’s Maalot put the IlA- rating of the provider of telecommunications services on “CreditWatch” with negative implications.

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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