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Israel Stocks: Tower Semiconductor, Bio Light, Nice Systems

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March 22 (Bloomberg) -- Israel’s TA-25 index advanced for a second day, gaining less than 0.1 percent to 1,115.74 at the 4:30 p.m. close in Tel Aviv. The measure has gained 0.6 percent this week. Investors traded about 902 million shekels ($240 million) of shares and convertible securities, according to bourse data.

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

Alony Hetz Properties & Investments Ltd. (ALHE IT) advanced 2.6 percent, the most since Feb. 1, to 17.82 shekels. The real-estate investment company said full-year profit rose to 357 million shekels from 345 million shekels a year earlier.

Bio Light Israeli Life Sciences Investments Ltd. (BOLT IT) advanced 3.1 percent, the biggest gain since Feb. 21, to 0.199 shekel. The developer of drugs and medical technology said a unit got approval to market a glaucoma surgery device.

Flowsense Medical Ltd. (FLSN IT) surged 26 percent, the most since Aug. 2011, to 0.092 shekel. The maker of an automated urine monitor system said it is in talks with medical devices companies to cooperate on marketing and a possible sale of operations.

Nice Systems Ltd. (NICE IT) rose to the highest since November 2007, climbing 2.8 percent to 141.50 shekels. The maker of analytical telecommunications software said it has expanded its relationship with Cisco Systems Inc.

Tower Semiconductor Ltd. (TSEM IT) surged 9.7 percent, the most since October 2009, to 3.29 shekels. Globes reported the maker of customized chips may be close to reaching an agreement with creditors.

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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