Israel Stocks: Ampal, Delek, Modiin, Kamada, Tower, Ratio Oil

Israel’s TA-25 index rose for a third time this week, advancing 0.8 percent to 1,167.67 at 4:30 p.m. close in Tel Aviv. The measure rose 0.4 percent this week.

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

Ampal-American Israel Corp. (AMPL IT) tumbled to the lowest on record, falling 6 percent to 0.708 shekel. The owner of a 12.5 percent stake in East Mediterranean Gas Co. said it filed a request for arbitration against Egypt with other EMG investors for the breach of the bilateral investment treaty between Egypt and the U.S.

Delek Real Estate Ltd. (DLKR IT) plunged to the lowest since April 17, declining 5.7 percent to 0.165 shekel. The property company said the Tel Aviv District Court has approved a liquidation request by series B25 bondholders. The court appointed a temporary liquidator to reach a debt agreement.

Kamada Ltd. (KMDA IT) rose for the first time in four days, gaining 2.4 percent to 26.60 shekels. The biopharmaceutical company is in talks with potential partners to help sell an inhaled version of its AAT medicine in Europe, Chief Executive Officer David Tsur said in an interview.

Modiin-LP (MDINL IT) advanced the most since March 13, adding 5 percent to 0.356 shekel. Noble Energy Inc. suspended drilling operations in the Leviathan offshore field.

The announcement “means that the rig may now pass over to Mira and Sara, where Modiin has interests,” said Guil Bashan, an analyst at I.B.I- Israel Brokerage & Investments Ltd. in Tel Aviv. “So this could signal the beginning of drilling at those sites.”

Ratio Oil Exploration 1992 LP (RATIL IT) surged the most in two months, climbing 5.2 percent to 0.326 shekel. Noble Energy said it sees “potential for significant oil resources” at the Leviathan site.

Tower Semiconductor Ltd. (TSEM IT) advanced 2.7 percent to 3.78 shekels. The maker of customized chips entered a partnership with Rachip to provide external solutions and services to assist its customers with computer-aided design, quality assurance and run-set development.

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