Leading indices in Tel Aviv posted mild gains on Monday, with technology shares closing up 1.3%.
Stocks opened with a 0.8% gain, but quickly lost this morning's momentum.
The Maof-25 index finished up 0.28% to 429.33 points, and the TA-100 index added 0.21% to 418.58 points. Technology shares did better gaining 1.3% to 296.81 points. But total turnover remained low at NIS 181 million.
Nice Systems (Nasdaq:NICE) jumped 2.7% on a hefty turnover of NIS 7.1 million. This morning the company unveiled three new products. Koor Industries (NYSE:KOR) climbed 1.7%.
Bank Leumi rose by 1.4% on a turnover of NIS 36.8 million, the highest in the session. The spurt of activity was largely due to the lock up period for shares held by bank employees, which were purchased in September 1998. The shares released from lock-up today are worth NIS 170 million.
Bank Hapoalim closed down 1.1%, and IDB Development closed down 0.1%. IDB Holdings added 0.4%, and Clal Industries rose 2.7%. Discount Investments gained 3.3% after its subsidiary Cellcom yesterday posted excellent results for the first quarter.
Israel Chemicals edged up 0.1%. Phone company Bezeq lost 0.8%, and Lipman Electronic Engineering added 2.2%.
Agis Industries fell 2.7%. The company today posted revenues of NIS 296.8 million for the first quarter of 2001, which is 8% higher than in its first quarter of 2000. But the firm's profit dropped to NIS 15.5 million, which is 35% less than in the first quarter of last year.