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The Tuesday TASE session closed with leading indices on the rise, on low turnover of NIS 162 million. The Maof-25 climbed 0.67%, the Tel Aviv-100 closed up 0.75% and the Tel-Tech gained a heftier 1.77%.

Teva Pharmaceuticals (Nasdaq:TEVA), which last night closed with a positive 0.1% arbitrage gap, closed tonight up 0.6% on NIS 19 million turnover, the highest on the floor.

AudioCodes (Nasdaq:AUDC) rose 5.5% on NIS 360,000 turnover on better than expected revenues of $5.5 million, as opposed to the $5.1 million predicted.

Partner Communications (Nasdaq:PTNR) rose 0.7% on NIS 2 million turnover on news the Dankner group was negotiating to sell its stake in Partner to Hutchison Whampoa, in order to get funding for Matav Cable Systems (Nasdaq:MATV) which rose 3.6%.

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MAjor bank shares climbed. Hapoalim gained 1.8%, Bank Leumi rose 1.1% and Mizrahi Bank closed up 0.8%.

Delta Galil rose 1.7% on NIS 760,000 in spite of Leader DS analysts estimates Kmart bankruptcy will lead to NIS 3 million to NIS 4 million write off for Delta, to whom Kmart owes $6 million.

Makhteshim Agan stock gained 0.7% and its bond rose 0.5%. The company will raise NIS 50 million in A series bonds tomorrow. The bonds are already traded on the TASE and carry a dollar-linked interest of 2.5%.

Tower Semiconductor (Nasdaq:TSEM) also issued $22 million worth of bonds and options today. Estimates are the seven-year bonds will bear as much as a 10% yield. The conversion premium on the bonds is 19%. Every unit of 200 bonds will include four options at an NIS 30 sell price.

Tower's share closed up 1.1%.