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Israel Stocks: El Al, Granite Hacarmel, Israel Chemicals, Hot

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March 21 (Bloomberg) -- Israel’s TA-25 index advanced to the highest in almost a month, gaining 0.6 percent to 1,115.16 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.1 billion shekels ($294 million) of shares and convertible securities, according to bourse data.

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

El Al Israel Airlines Ltd. (ELAL IT) declined 1.7 percent, the most since March 15, to 0.477 shekel. The country’s national carrier reported a fourth-quarter loss of $7.8 million after a profit of $16.3 million a year earlier.

Granite Hacarmel Investments Ltd. (GRNT IT), a marketer of petroleum and automobile products, climbed 6.8 percent, the most since Aug. 8 to 5.14 shekels. TheMarker reported that Azrieli Group Ltd. (AZRG IT) received an offer for the purchase of Granite unit Sonol Israel Ltd. Azrieli shares increased less than 0.1 percent to 87.94 shekels. Azrieli’s subsidiary Kanit Hashalom Investments Ltd. holds a 60.7 percent stake in Granite, according to data compiled by Bloomberg. Unidentified investors have expressed interest in Sonol, Granite said in a statement to the Tel-Aviv Stock Exchange.

Hot Telecommunication System Ltd. (HOT IT) advanced 2.8 percent to 41.99 shekels, the highest level since March 5. Israel’s second-largest fixed-line operator said net income rose to 125 million shekels from 46 million shekels a year earlier.

Israel Chemicals Ltd. (ICL IT), a maker of fertilizer and potash, advanced for a second day, climbing 3.1 percent to 42.69 shekels. China signed an accord yesterday to buy potash at a price that signaled the market for the commodity is holding up. Israel Corp. (ILCO IT), which holds a 52.3 percent in Israel Chemicals according to data compiled by Bloomberg, advanced 0.9 percent to 2,570 shekels.

Mellanox Technologies Ltd. (MLNX IT), the Israeli adapter maker partly owned by Oracle Corp., advanced 3.4 percent to 152 shekels, the highest level on record. Oracle Corp. reported sales that topped analysts predictions. “Oracle suggested a very strong pipeline from Exadata business, which uses Mellanox technology,” Jonathan Kreizman, an analyst at Clal Finance Batucha Brokerage Ltd.

Partner Communications Co. (PTNR IT) gained 3.2 percent to 29.71 shekels, the highest since Feb. 22. Haim Saban, chief executive officer of Saban Capital Group Inc., is considering buying a controlling stake in Israel’s second-largest mobile-phone company, Calcalist reported today, without saying where it obtained the information. Moshe Debby, a spokesman for Saban Capital, declined to comment on the report.

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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