Tel Aviv stocks open Monday with mild gains

Tel Aviv stocks are trading with a positive bias at Monday opening.

The Maof-25 blue chip index and the TA-100 index are each up 0.4%, while technology shares are edging up 0.2%. Total turnover is slim at NIS 10 million.

Teva Phamaceuticals (Nasdaq:TEVA) is up 1.3% on the session¿s biggest turnover, NIS 3 million. Teva lost over 3% in the last two trading days despite excellent Q4 results.

IDB group stocks are losing ground after the failure of the deal in which Kardan Capital Investments was to acquire a stake in control of the group. IDB Holding Corporation is off 0.6%, Discount Investments is down 0.3%, but Kardan is rising 3.6% on low turnover.

Bank Discount is unchanged after rising 1% right at opening. Yesterday, Discount announced the settlement of the claim filed by C.P. Holdings, which is controlled by Sir Bernard Schreier. Sir Bernard is to receive an option to acquire 50% of Mercantile Discount Bank for some NIS 345 million.

Elbit Systems (Nasdaq:ESLT) is up 0.6%, Nice Systems (Nasdaq:NICE) is rising 0.3%. Retalix (Nasdaq:RTLX) is down 2.1%.

Bank Leumi is rising 0.6%, Bank Hapoalim is climbing 0.5%.

Phone company Bezeq is off 0.2%. Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is up 1.5%.

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