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Israel Stocks: Alvarion and Mellanox Technologies Advance

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April 19 (Bloomberg) -- Israel’s TA-25 index 0.9 percent to 1,153.11, the highest since October, at the 4:30 p.m. close in Tel Aviv. The index has advanced 2 percent this week. Investors traded about 867 million shekels ($231 million) of shares and convertible securities, according to bourse data.

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

Alvarion Ltd. (ALVR IT) advanced 4.4 percent, the biggest gain since Jan. 12, to 2.403 shekels. The telecommunications equipment maker said Hezi Lapid will replace Eran Gorev next month as chief executive officer.

Mellanox Technologies Ltd. (MLNX IT) rose 27 percent to 207.8 shekels, the highest level since the shares were listed in Tel Aviv in July 2007. The maker of technology used to transfer data quickly forecast revenue exceeding analysts’ estimates and reported a first-quarter profit.

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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