Tel Aviv stocks are flat Monday afternoon. The Maof-25 blue chip index is unchanged at 422.3 points, and the TA-100 index is edging up 0.1% to 408.0 points. The Tel-Tech technology index is unchanged. Total turnover is low at NIS 132 million.
Teva Phamaceuticals (Nasdaq:TEVA) is up 1.6% on the session's biggest turnover, NIS 14.1 million. Teva lost over 3% in the last two trading days despite excellent Q4 results.
IDB group stocks are losing ground after the collapse of the deal in which Kardan was to acquire a stake in control of the group. IDB Holding Corporation is off 1.4%, Discount Investments is down 0.1%, but Kardan is rising 1.9% on low turnover.
Bank Discount is up 0.5%. Yesterday, Discount announced the settlement of the claim filed by C.P. Holdings, controlled by Sir Bernard Schreier. Sir Bernard is to receive an option to acquire 50% of Mercantile Discount Bank for some NIS 345 million.
Israel Chemicals is unchanged on NIS 2.8 million turnover. Mizrahi Bank today rated Israel Chemicals with a long-term Buy, setting a price target of NIS 6, 20% above the market.
Elbit Systems (Nasdaq:ESLT) is up 0.5%, Retalix (Nasdaq:RTLX) is down 1.1%. Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is up 0.7%.
Bank Leumi and Bank Hapoalim are each rising 0.4%.
Phone company Bezeq is off 0.7% on NIS 10.9 million volume.