European gains are lifting Tel Aviv stocks to 1% gains at Thursday mid-day.

Today the options on the Maof-25 index for December expired. The index for the purposes of the options closed up 0.7% to 451.53 points, and gains were moderated to 0.5% at opening.

The Maof-25 index is rising 1%, and the TA-100 index is up 0.6% . Technology shares are gaining 1.5%.

Shahar bonds are up 0.3%, which amounts to 6.3% annual interest. New Gilon bonds are edging up 0.1%. New Gilon bonds have attracted activity in recent days.

The First International Bank of Israel FIBI5 shares are rising 2%. Credit rating firm Ma'alot downgraded FIBI from AAA- to AA+. Maalot said that the bank's credit portfolio largely consists of corporate credit, and that only a relatively small portion of the portfolio is retail credit, compared with Bank Leumi and Bank Hapoalim.

Africa Israel is up 2%. The company is part of the only consortium that will today be bidding for the gas transfer tender. It is estimated that the proposal made by the Africa-Paz group comes to $400 million, and that if the group wins the tender it will get approval to build and operate a gas pipeline for transferring natural gas to consumers for a period of thirty years.

Migdal insurance company is climbing 3% on NIS 20 million turnover. Today Ha'aretz reported that the Supervisor of Banks Dr. Yitzhak Tal did not approve Migdal holding a controlling stake in Bank Leumi. Tal apparently objected to the largest insurance company in the country controlling Israel's second largest bank.

Retail stocks are posting gains. Supersol (NYSE:SAE) is up 1%, and Blue Square Israel (NYSE:BSI) is climbing 3.5% on NIS 16 million volume of trade. Blue Square this year gained 44%, and Supersol rose by 26%.

Bank Hapoalim is up 0.4% on the session's biggest turnover, NIS 93 million. Bank Leumi is rising 2%, Mizrahi Bank is rising 0.8%, and Bank Discount is edging up 0.1%.

Elbit Medical Imaging (Nasdaq:EMITF) is up 4.6%, Scitex (Nasdaq:SCIX) is climbing 5.7% on NIS 1 million turnover, and Magic Software Enterprises (Nasdaq:MGIC) is gaining 5%. Formula Systems (Nasdaq:FORTY) is up 7%. Yesterday Formula gained 6%.

Teva Pharmaceuticals (Nasdaq:TEVA) is down 0.7%, Retalix (Nasdaq:RTLX) is down 1.3%, and Nice Systems (Nasdaq:NICE) is off 0.8%.

IDB group stocks are gaining ground. IDB Holding Corporation is up 1.4%, IDB Development Corporation is rising 0.8%, Discount Investments is gaining 2.1% on NIS 23 million volume of trade. Clal Industries is up 2.1%.