March 20 (Bloomberg) -- Israel’s TA-25 index declined for a second day, sliding 0.2 percent to 1,108.26 at the 4:30 p.m. close in Tel Aviv. Investors traded about 903 million shekels ($241 million) of shares and convertible securities, according to bourse data.
The following stocks rose or fell today. Symbols are in parentheses.
Bezeq Israeli Telecommunication Corp. (BEZQ IT) retreated 3.2 percent to 6.119 shekels, the lowest since Feb. 19. The Communication Ministry won’t ease regulations on the largest fixed-line operator, TheMarker reported on its website today. Yechiel Shabi, a spokesman for the ministry, declined to comment.
DS Apex Holdings Ltd. (DSAP IT) surged 23 percent, the most since May 2003, to 17.41 shekels. The board of the investment management services provider approved a merger with Meitav Investment House Ltd.
Israel Chemicals Ltd. (ICL IT), a maker of fertilizer and potash, climbed 2.3 percent, the most since March 11, to 41.42 shekels. China signed an accord to buy potash at a price that signaled the market for the commodity is holding up.
Israel Land Development Co. Energy Ltd. (IE IT) increased 5.6 percent to 0.693 shekel, the highest level since Feb. 23. The natural gas exploration company signed a loan accord with an Israeli bank for $10 million.
Ituran Location and Control Ltd. (ITRN IT) lost the most since Feb. 19, declining 2.7 percent to 51.21 shekels, or the equivalent of $13.68. The U.S.-traded shares lost 3 percent to $13.86 yesterday.
Modiin-LP (MDINL IT) advanced the most since March 13, rising 1.2 percent to 0.35 shekel. The oil and gas explorer said its fourth-quarter loss narrowed to $2.45 million from $10.7 million a year earlier.
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. (RMLI IT) dropped 2.3 percent, the most since March 6, to 127 shekels. The operator of supermarket chains in Israel said net income fell to 20 million shekels ($5.3 million) from 24.2 million shekels a year earlier.
Ratio Oil Exploration 1992 LP (RATIL IT) advanced 4.5 percent to 0.369 shekel, the highest level since Feb. 12. The oil and gas explorer rose on bets the Leviathan natural gas field in Israel, in which it is a partner, may report positive drilling results next month. Delek Drilling-LP (DEDRL IT) and Avner Oil Exploration LLP (AVNRL IT), also partners in the field, advanced 1.1 percent to 14.04 shekels and 1.6 percent to 2.55 shekels, respectively.
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