June 18 (Bloomberg) -- Israel’s benchmark TA-25 index declined for the third time in four days, falling 0.3 percent to 1,067.52 at the 4:30 p.m. close in Tel Aviv. Investors traded about 937 million shekels ($243 million) of shares and convertible securities, according to bourse data.
The following stocks rose or fell today. Symbols are in parentheses.
Cellcom Israel Ltd. (CEL IT), Israel’s largest mobile phone company, dropped 1.8 percent, the most since June 11, to 27.69 shekels. A parliamentary committee yesterday relaxed rules on the import of mobile phones, raising concerns this may reduce revenues of wireless providers. Bezeq Israeli Telecommunication Corp. (BEZQ IT), which provides wireless services through a unit, dropped 4.5 percent to 4.25 shekels. Partner Communications Co. (PTNR IT), the country’s second-largest mobile-phone provider, dropped as much as 3.2 percent to 17.33 shekels before closing at 17.83 shekels.
Ratio Oil Exploration 1992 LP (RATIL IT), the oil and gas exploration company, advanced 2.5 percent, the most since May 24, to 0.293 shekel. The company said production tests at the Leviathan 1 field’s Rachel/349 license area were completed successfully. Avner Oil Exploration LLP (AVNRL IT) a partner at the license, advanced 1.2 percent to 2.195 shekels.
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