Tel Aviv stocks ended up after a turbulent session Wednesday, on slim volume of NIS 168 million, after being blown about by conflicting winds from Wall Street and Europe.

The day started with robust gains on slim turnover, boosted by steep gains on Wall Street. Stocks started to slide as Europe's markets opened in the red, but rebounded in the afternoon.

Nasdaq ended trade Tuesday with a gain of 4.4%, and the Dow Jones climbed 2.9%.

The Maof-25 and Tel Aviv-100 indices both ended up 0.9%. Tech stocks rose 1.6%.

A source at Nessuah Zannex says it's just the summer holidays, and that the glee emanating from Wall Street on Tuesday was moderated by weak European markets today.

IDB group stocks ended mixed after posting morning gains, with IDB Holding Corporation down 0.7% after its morning hop of 1.1%, IDB Development Corporation up 2%, Clal Industries climbing 1% and Discount Investment Corporation gaining 1.5%.

Makhteshim-Agan Industries finished up 3.9% on high turnover of NIS 10 million after the rating agency Maalot said yesterday, after the bell, that it is rechecking the agrochemical company's AA-minus bond rating because of the South American situation. MAI has said it is working on increasing the proportion of its sales to North America and Europe at the expense of Latin America.

Koor Industries (NYSE:KOR), the parent company of Makhteshim, sagged 0.2% on turnover of NIS 10 million, having cut a steeper midday loss.

Elbit Systems (Nasdaq:ESLT) rose 4.9% on turnover of NIS 9.5 million, after announcing 14% growth in Q2 sales to $193.2 million. But its net sank 57% to $4.8 million because of one-time charges.

Lipman is up 2.8% on turnover of NIS 2.6 million, after reporting today that its sales grew by 60% to NIS 95 million. It netted NIS 28.87 million, 30% above the sequential quarter and hundreds of percent above its performance in the parallel quarter of 2001, when it netted NIS 2.8 million.

Israel Corporation climbed 0.2% after announcing today that its subsidiary Kol 1 was selling its 40% holding in RSL Com Finland, which it bought just a year ago, at a 165% profit. Earlier in the day it was up almost 2.5%.

Nice Systems (Nasdaq:NICE) ended up 1% on a Buy recommendation from the Ofek investment house. Analyst Gilad Goldenberg set a price target of $16.6 for the share, some 50% above its Nasdaq level.

Teva Pharmaceuticals (Nasdaq:TEVA) rose 1.1% on turnover of NIS 20 million.

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