March 15 (Bloomberg) -- Israel’s TA-25 index declined for a second day this week, falling 0.2 percent to 1,109.63 at the 4:30 p.m. close in Tel Aviv. The index gained 2.3 percent this week. Investors traded about 1.1 billion shekels of shares and convertible securities today, according to bourse data.
The following stocks rose or fell today. Symbols are in parentheses.
Avner Oil Exploration LLP (AVNRL IT) rose 3.2 percent, the most since Jan. 10, to 2.49 shekels. Delek Drilling LP (DEDRL IT) gained 3.3 percent, the most since Nov. 28, to 13.70 shekels. The gas exploration companies, partners in the Tamar natural gas site, signed a 15-year agreement to supply the fuel to Israel Electric Corp.
Bezeq Israeli Telecommunication Corp. (BEZQ IT) fell the most since March 12, dropping 2 percent to 6.30 shekels. The country’s largest fixed-line provider said fourth-quarter profit fell to 524 million shekels ($139 million) from 575 million shekels a year earlier as revenue dropped.
Bank Leumi Le-Israel Ltd. (LUMI IT) rose for the third day this week, advancing 2.3 percent to 11.44 shekels. Bank Hapoalim Ltd. (POLI IT) climbed for the sixth day, gaining 2.1 percent to 13.63 shekels. Israel Discount Bank Ltd. (DSCT IT) increased 1.9 percent to 5.075 shekels and Mizrahi Tefahot Bank Ltd. (MZTF IT) advanced 1.4 percent to 33.30 shekels.
The Bank of Israel yesterday published draft guidelines, which set a minimum core ratio of 9 percent for all banks, effective Jan. 1, 2015, and a minimum ratio of 10 percent for Hapoalim and Leumi, to be implemented by Jan. 1, 2017.
RadVision Ltd. (RVSN IT) jumped 12 percent to 44.05 shekels, the highest since December 2007. Avaya Inc. agreed to acquire the Israeli maker of video-conferencing systems for the Israeli maker of video-conferencing systems for about $230 million.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com