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Israel Stocks: Israel Petrochemical, Medigus, Perrigo, Procognia

March 4 (Bloomberg) -- Israel’s TA-25 index rose to the highest level since Feb. 22, advancing 0.6 percent to 1,098.48 at the 4:30 p.m. close in Tel Aviv. Investors traded about 483 million shekels ($127 million) of shares and convertible securities, according to bourse data.

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

Gilat Satellite Networks Ltd. (GILT IT) rose 5.4 percent, the most since Nov. 28, to 15.13 shekels, or the equivalent of $3.98. The U.S.-traded shares of the developer of satellite-networking technology rose 0.3 percent to $3.93 on March 2.

Israel Petrochemical Enterprises Ltd. (PTCH) advanced 1.5 percent to 7.108 shekels, the highest level since Feb. 20. Israel Corp. has agreed to provide the maker of raw materials for plastics with shares of Oil Refineries Ltd. should it need them as a credit collateral. Israel Corp. (ILCO IT) advanced 1.2 percent to 2,310 shekels, while Oil Refineries Ltd. (ORL IT) declined 1.5 percent to 2.04 shekels.

Medigus Ltd. (MDGS IT) rallied 4.9 percent, the most since Feb. 13, to 0.66 shekel. The maker of medical devices signed an initial agreement to market its SRS system in Greece and Cyprus.

Nova Measuring Instruments Ltd. (NVMI IT) gained 4.5, the most since Jan. 11, to 29.65 shekels, the equivalent of $7.80. The U.S.-traded shares of the maker of monitoring systems rose 0.4 percent to $7.60 on March 2.

Perrigo Co. (PRGO IT), the largest U.S. maker of generic over-the-counter drugs, rose 3.1 percent to 402 shekels, or the equivalent of $105.70, the highest since the shares started trading in 2005. Perrigo closed at $105.8 in New York on March 2.

Procognia (Israel) Ltd. (PRCG IT) rallied 29 percent to 0.081 shekel, the highest since Nov. 29. The maker of pharmaceuticals signed an initial distribution agreement with China’s Cy-Tech for its Glycoscope analytical kit.

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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