Babylon, Shikun & Binui, Paz Oil, Teva: Israel Equity Preview
The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the close unless otherwise stated.
The TA-25 Index dropped the most this month, declining 0.6 percent to 1,305.45 at the close in Tel Aviv.
Babylon Ltd. (BBYL IT): The translation software developer renewed a cooperation agreement with Google Inc. for two years. Babylon rose 1.3 percent to 4.863 shekels.
Paz Oil Co. (PZOL IT): The maker of oil-based products received notification of a class-action lawsuit against the company accusing it of selling inferior products. Paz gained 0.7 percent to 630 shekels.
Shikun & Binui Ltd. (SKBN IT): The construction company’s rating was raised to ilA from ilA- with the outlook changed to "stable" from "negative" at Standard & Poor’s Maalot. Shikun & Binui fell 0.6 percent to 9.8 shekels.
Teva Pharmaceutical Industries Ltd. (TEVA IT): The world’s largest maker of generic drugs failed to win U.S. approval for a new formulation of its top-selling multiple sclerosis medicine Copaxone and said regulators may require a new study to prove that it works. Teva declined 0.8 percent to 182.40.
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