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Losses in Europe and negative Nasdaq futures pushed Tel Aviv stocks down 0.5% on Monday. The Maof-25 index of blue chips and TA-100 each closed down 0.5%, while technology shares dropped 1.4%. Total turnover was low at NIS 186 million.

The session opened with a negative bias, and stocks lost further ground under the impact of losses in Europe and negative Nasdaq futures. At one point in the session stocks were down 1%, but moderated ahead of closing.

Yesterday, stocks closed with gains.

Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) climbed 1.2% after being rated a Buy by investment house Nessuah Zannex, which set a price target of NIS 36.5, 41% above the market.

Nice Systems (Nasdaq:NICE) climbed 1% after announcing that the Israeli Ports and Railways Authority is to install NiceFix systems in two ports in order to improve efficiency, safety and security in monitoring marine traffic.

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Drug company Agis Industries rose by 1.8% on NIS 9.5 million volume. Chairman and President Moshe (Mori) Arkin has acquired his sister's shares in the family-owned holdings company Arkin, which owns 42% of Agis. The acquired stake comes to NIS 135 million. It is estimated that the company could soon distribute dividends that would help Moshe Arkin finance the acquisition.

Team Computers & Systems jumped 6.9%. Ha'aretz today reported that Team affiliate TTI Telecom has won a Hutchison tender for establishing control rooms for 3G cellular networks. The tender is estimated at $60 million.

Bank Hapoalim dropped 0.3%, Bank Leumi slipped 0.6%. Bank Discount closed off 0.6%. Investments bank DS Leader today estimated that the Koor (NYSE:KOR) conglomerate will generate Bank Hapoalim NIS 30 million to NIS 40 million losses for Q4, and that Bank Discount will post a loss for Q4.

Teva Pharmaceuticals (Nasdaq:TEVA) closed down 1% on the session's biggest turnover, NIS 24.8 million. Formula Systems (Nasdaq:FORTY) dropped 1.2%. Koor Industries closed off 2.5%. Elbit Systems (Nasdaq:ESLT) and Retalix (Nasdaq:RTLX) each closed down 1.4%. Elbit Medical Imaging (Nasdaq:EMITF) gained 0.7%.

IDB Holding Corporation dropped 1.1%, IDB Development Corporation closed down 1.3%, Discount Investments closed off 0.2%, and Clal Industries dropped 1.1%.

Bezeq phone company dropped 0.7%.