Tel Aviv shares closed Monday roughly unchanged after spending the session fluctuating around the flatline.

The Maof-25 index of blue chips dipped by 0.07% to 406.93 points after gaining over 1% in the morning. The TA-100 index closed down 0.01% to 396.87 points./Tech stocks however fell 1.23%. Total turnover was moderate at NIS 219 million.

National phone company Bezeq closed down 3.8% on NIS 26 million turnover. Today the press reported a police probe into possible shares shenanigans. Specifically, the international crimes unit is investigating allegations that businessmen Gad Zeevi, who own 20% of Bezeq's stock, and others bought shares in the national phone company using laundered Russian mafia money.

Leading banks drew lively action but closed with losses. Bank Hapoalim dropped 1.1% on the session's biggest turnover of NIS 28 million. Bank Leumi lost 0.2% on NIS 19 million turnover, and Mizrahi Bank dived 4%. The bank released its results for 2000, posting net profit of NIS 58 million, 37% less than in the third quarter.

Israel Chemicals gained 3.8% on NIS 8 million turnover, and the Israel Corporation added 2.7% on NIS 3 million. The shares of both companies posted losses yesterday after the companies released weak financial results for 2000.