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Israel Stocks: Azrieli, Delek Drilling, Ultra Shape, Avner

Oct. 23 (Bloomberg) -- Israel’s TA-25 Index rose 1.8 percent to 1,143.14, the highest since Aug. 4, at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.08 billion shekels ($297 million) of shares and convertible securities, according to bourse data.

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

Ampal-American Israel Corp. (AMPL IT) surged 6.1 percent, to 1.88 shekels, the highest level since Aug. 8. Ampal owns 12.5 percent of East Mediterranean Gas Co. which exports Egyptian gas to Israel. Israel’s Ministry of National Infrastructures said the flow of Egyptian natural gas resumed at the end of last week.

Azrieli Group Ltd. (AZRG IT) gained 1.9 percent to 91.85 shekels, the highest since Oct. 16. The real estate investment company was raised to “outperform” from “market perform” at Clal Finance Brokerage Ltd. Amot Investments Ltd. (AMOT IT), which was lifted to “buy” from “outperform,” rose 3.6 percent to 9.84 shekels, the highest since July 5. Reit 1 Ltd. (RIT1 IT) rose 1 percent to 6.72 shekels, the highest since July 19, after being raised to “outperform” from “market perform.”

Brainsway Ltd. (BRIN IT) soared the most in a year, gaining 12 percent to 19.25 shekels. The maker of devices to treat neurological disorders said a test by its Italian distributor indicated the company’s multiple-sclerosis product is safe and effective.

Delek Drilling LP (DEDRL IT) climbed 3 percent, the most since Oct. 11, to 11.82 shekels. The gas exploration company’s drilling partner, U.S. based Noble Energy Inc., provided an update on several drilling sites last week. The shares of Noble’s other partners in Israel also rose. Ratio Oil Exploration 1992 LP (RATIL IT) advanced 7.5 percent to 0.358 shekel, the highest since Sept. 4. Avner Oil Exploration LP (AVNRL IT) rose 2.8 percent, the most since Oct. 10, to 2.035 shekels. Delek Group Ltd. (DLEKG IT) increased 4 percent to 723.30 shekels, the highest level in since Aug. 2.

Discount Investment Corp. (DISI IT) rose 3.2 percent to 41.47 shekels, the highest since Aug. 3. The holding company said its board of directors approved a 50 million-shekel loan to its Maariv Holdings Ltd. unit.

Ultra Shape Medical Ltd. (ULSP IT) soared 24 percent to 0.026 shekel, the highest level in five months. The company said the third version of its Contour 1 device received marketing approval in Korea.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

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

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