Losses in Europe are pushing Tel Aviv stocks down 0.7% Monday mid-day. The Maof-25 index of blue chips is off 0.7% to 459.2 points, and the TA-100 index is down 0.4% to 443.2 points. Technology shares are trading unchanged. Total turnover is pathetic at NIS 73 million.
Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is up 0.3% after being rated a Buy by investment house Nessuah Zannex, which set a price target of NIS 36.5, 41% above the market.
Nice Systems (Nasdaq:NICE) is off 0.4% despite announcing that the Israeli Ports and Railways Authority is to install NiceFix systems in two ports in order to improve efficiency, safety and security in monitoring marine traffic.
Drug company Agis Industries is rising 2.8% on NIS 5.1 million volume. Chairman and President Moshe (Mori) Arkin has acquired his sister's shares in the family-owned holdings company Arkin, which owns 42% of Agis. The acquired stake comes to NIS 135 million. It is estimated that the company could soon distribute dividends that would help Moshe Arkin finance the acquisition.
Team Computers & Systems is jumping 6.9%. Ha'aretz today reported that Team affiliate TTI Telecom has won a Hutchison tender for establishing control rooms for 3G cellular networks. The tender is estimated at $60 million.
Teva Pharmaceuticals (Nasdaq:TEVA) is down 0.4% on the session's biggest turnover, NIS 9.7 million. Formula Systems (Nasdaq:FORTY) is trading unchanged, after slipping 1% earlier. The shares opened with 1.5% gains. Koor Industries (NYSE:KOR) is off 2.5%. Elbit Systems (Nasdaq:ESLT) is down 0.9%, and Retalix (Nasdaq:RTLX) is off 0.6%.
IDB Holding Corporation is down 0.7%, IDB Development Corporation is down 1.5%, Discount Investments is slipping 0.7%, and Clal Industries is off 1.5%.
Bezeq phone company is down 0.7%.