Tel Aviv stocks finished a deadly dull Thursday session with mild gains, having reversed the mild losses posted in the deadly dull morning.

The Maof-25 index finished up 0.7% at 362.6 points and the TA-100 index crawled along to end the day on a gain of 0.6% at 352.1 points. Tech stocks ambled along to end with the tiniest of negative biases, at 186.8 points.

Teva Pharmaceuticals (Nasdaq:TEVA) led the pack as usual, ending with an 0.4% drop on almost a third of the total turnover, NIS 30 million out of total volume of NIS 100 million. (Some time this week Teva's turnover on Nasdaq, one night, was about five times that sum.)

Market players blamed the sluggishness of the action to the hot summer, but said it's surprising that there has been no reaction to Wall Street's gains of Wednesday.

At least some of the rest of the turnover went on Makhteshim-Agan Industries. The agrochemicals producer gained 2.2%, on top of its 3.2% gain yesterday, fueled by its positive statement for the second quarter.

Clal Insurance also rose 3% on the strength of its favorable second-quarter report, published yesterday.

Discount Investment Corporation finished up 2% on tiny turnover after Yedioth Ahronoth today write that the cable TV company Tevel, in which DIC holds a 48% interest, believes it will shift to an operating profit in the second quarter. Market analysts profess skepticism.

Other IDB group stocks also stayed in the green, with IDB Holding Corporation rising 1.3%, IDB Development Corporation up 1.3% and Clal Industries climbing by 3.1%.

The Israel Development Bank dived 10% yesterday on expectations of a dreadful second-quarter report, on top of its dreadful first-quarter report. Today Ha'aretz wrote that the bank is expected to lose some NIS 150 million for the first half of 2002. Today the bank dived again on thin, thin turnover.

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