Israel Stocks: Avgol, EZchip, Leumi, Hapoalim, Shemen, Babylon

TA-25 Index gains 0.9% at 4:30 pm close in Tel Aviv.

ADVANCERS * Avgol (AVGL IT) +2.2%; Israel Petrochemical says in talks with foreign investment fund to sell stake in co. * EZchip (EZCH IT) +7% * Babylon (BBYL IT) +5%; Calcalist says Co. seeking to raise $1b via Nasdaq listing; co. official declines to comment * Israel Chemicals (ICL IT) +4.3%; heat waves in Southern Europe and U.S. drought are withering corn crops * Shemen (SMOG IT) +23%, gains 42% in two days after co. yday said accord signed with Israel Defense Ministry to allow drilling in the Yam 3 field * Silicom (SILC IT) + 7.2%; U.S. shrs rose 6.7% yday as 2Q rev. advanced 11% and net income increased 16% yoy

DECLINERS * Bank Leumi (LUMI IT) -2.2 %; Bank Hapoalim (POLI IT) -2%; Bank Discount (DSCT IT) -0.4%; Citigroup sees outlook for Israeli banks worsening on local economy, higher capital requirements

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