El Al, Delek, Dor Alon, Partner, Avgol: Israeli Equity Preview
The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after company names and prices are from the last close unless otherwise stated.
The TA-25 Index lost 1 percent to 1,250.76 in Tel Aviv.
Avgol Industries 1953 Ltd. (AVGL) : The fabric manufacturer said first-quarter net income increased to $6.9 million from $3.5 million a year earlier. Avgol dropped 0.6 percent to 2.55 shekels.
Bio Light Israeli Life Sciences Investments Ltd. (BOLT) : The I-Optima unit of the owner of companies that develop drugs and medical technology received Israeli approval to market its laser technology to treat Glaucoma. Bio Light dropped 4 percent percent to 0.313 shekel.
Delek Group Ltd. (DLEKG) : Israel’s Antitrust Authority is considering declaring Isaac Tshuva’s holding company and Noble Energy Inc. a monopoly in the natural-gas industry, TheMarker reported, without saying where it obtained the information. Delek retreated 2.6 percent to 813 shekels. Antitrust Authority spokesperson Ilan Steiner said the regulator is examining a number of possibilities.
Dor Alon Energy in Israel (1988) Ltd. (DRAL IT): The operator of gas stations said first-quarter net income fell to 20.6 million shekels ($5.9 million) from 43.2 million shekels a year earlier. Dor Alon declined 0.4 percent to 52.15 shekels.
El Al Israel Airlines (ELAL) Ltd: The country’s national carrier said first-quarter loss widened to $42.9 million from $16.5 million year earlier. El Al dropped 3.2 percent to 1.10 shekels.
Partner Communications Co. (PTNR IT): The country’s second- largest mobile-phone operator is scheduled to report first- quarter results. Partner gained 0.4 percent to 62.47 shekels.
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