Israel Stocks: Allot, ICL, IDB, Clal, EZ Energy, Brainsway
Israel’s TA-25 Index (TA-25) increased 2.2 percent to 1,115.26 at the 4:30 p.m. close in Tel Aviv, the highest level since Nov. 15. The measure has dropped 16 percent this year. Investors traded about 782.2 million shekels ($207 million) of shares and convertible securities, according to bourse data.
The following stocks rose or fell today. Symbols are in parenthesis.
Allot Communications Ltd. (ALLT IT) dropped to the lowest since Nov. 29, declining 2.9 percent to 60.87 shekels. Bloomberg News reported that the company’s gear was sold to Iran and a lawmaker called for an investigation.
Brainsway Ltd. (BRIN) climbed 5.1 percent, the most since Dec. 14, to 18.76 shekels. The maker of devices to treat neurological disorders said interim trial results showed its Deep TMS product was safe and may improve fatigue in patients suffering from multiple sclerosis.
Clal Industries & Investments Ltd. (CII) and IDB Holding Corp. (IDBH) soared the most in almost a month, rising 6.7 percent and 6.8 percent respectively, to 17.80 shekels and 41.95 shekels. A unit of Nochi Dankner’s holding company IDB is in talks to sell part of its stake in Clal.
El Al Israel Airlines Ltd. (ELAL) increased 4.4 percent, the most since Dec. 14, to 0.64 shekel. The national carrier said the Israeli government has agreed to increase its share of the burden of providing aviation security, reducing the airline’s expenses in 2011 by $5.8 million.
EZ Energy Ltd. (EZ) rose the most since Oct. 18, jumping 7 percent to 0.046 shekel. The U.S. unit of the operator of gas stations and convenience stores, signed an initial deal to sell the property rights to 18 U.S.-based gas stations for $24.5 million. The company expects profit before taxes of $8.5 million from the sale.
Israel Chemicals Ltd. (ICL) advanced 5.1 percent to 41 shekels, the highest since Nov. 17. Israel’s finance ministry has given the company, which extracts minerals from the Dead Sea to make fertilizer and potash, until midnight on Dec. 27 to respond to a final government offer regarding how much of the cost it will bear for the salt harvest in the Dead Sea.
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