Israel Stocks: B Communications, Pluristem, Ratio Oil and Teva
Israel’s TA-25 Index retreated for the first time in a week, losing 0.8 percent to 1,290.80 at the 4:30 p.m. close in Tel Aviv. The gauge advanced 1.1 percent this week. Investors traded about 1.6 billion shekels ($456 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
B Communications Ltd. (BCOM) fell to the lowest level since Oct. 17, dropping 2.9 percent to 101 shekels. The telecommunication services company reported a first-quarter net loss of 55 million shekels after a profit of 25 million shekels in the year-earlier period.
Pluristem Therapeutics Inc. (PSTI) dropped 2.7 percent, the most since May 3, to 9.225 shekels. The developer of cell- therapy products reported a third-quarter loss of $2.6 million after a loss of $2.3 million a year earlier.
Ratio Oil Exploration 1992 LP (RATIL) gained the most in more than a week, advancing 2.3 percent to 0.44 shekel. The oil and gas explorer was raised to “buy” from “neutral” at UBS AG. The share-price estimate was lowered to 0.60 shekel from 0.61 shekel.
Teva Pharmaceutical Industries Ltd. (TEVA) climbed the most in five months, gaining 4 percent to 170 shekels. Shlomo Yanai, chief executive officer of the world’s largest maker of generic drugs, said yesterday growth will pick up in the second half of the year. Teva’s U.S.-traded shares advanced 3.2 percent yesterday.
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