Israel Stocks: Ampal, Avner, Delek Drilling, Israel Chemicals
Israel’s TA-25 index dropped the most in a week, falling 1.5 percent to 1,076.31 at the close in Tel Aviv. Investors traded about 894.2 million shekels ($235 million) of shares and convertible securities, according to bourse data.
The following stocks were active today. Symbols are in parentheses.
Ampal-American Israel (AMPL) Corp slumped 8.1 percent to 0.936 shekel, its lowest close since Bloomberg began tracking the stock in August 2006. Ampal, owner of 12.5 percent of East Mediterranean Gas Co., said late yesterday that a blast on the Sinai natural gas pipeline interrupted the flow of Egyptian fuel to Israel.
Avner Oil Exploration LLP (AVNRL) and Delek Drilling-LP (DEDRL) fell to their lowest levels in a week. Delek declined 1.3 percent to 13.40 shekels and Avner fell 0.9 percent to 2.44 shekels after the oil and exploration companies released a report about the resource potential at the Aphrodite natural-gas field in Cyprus.
Israel Chemicals Ltd. (ICL) , which extracts minerals from the Dead Sea to make fertilizer and potash, retreated 1.6 percent to 39.20 shekels, the lowest since Feb. 16. Potash Corporation of Saskatchewan Inc., the world’s largest fertilizer producer by market value, retreated 3.4 after Citigroup Inc. analyst P.J. Juvekar said checks of fertilizer dealers found “significant dealer caution regarding demand post the planting season.”
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