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Tel Aviv stocks ended the Monday session down about 1% to 1.5% on very slim turnover. The session was characterized by waiting for further developments on the northern border, after Israeli jets attacked a Syrian radar station in eastern Lebanon in the pre-dawn hours.

Lebanese sources say three Syrian soldiers were killed and six wounded in the pre-dawn attack. Israel says the attack was a reaction to a mortar attack by Hezbollah on Har Dov, a site on the border between Israel and Lebanon. One Israeli soldier was killed in the incident.

The Maof-index of blue chips closed down 1.58% to 402.21 points, and the TA-100 index fell 1.09% to 396.24 points. The Tel-Tech technology index lost 1.08%. Total turnover was thin at NIS 112 million.

Sources at the Meitav investment house today said that the Monday session was generally calm, and that drops intensified after the Nasdaq opened with 1.7% loss. The Meitav analysts noted that the TASE session was clouded by fears of escalating hostilities on the northern border.

Phone company Bezeq dropped 0.5% on the session's heaviest turnover, NIS 10.3 million.


today reported that the American communications corporation AT&T (NYSE:T) is sniffing at Bezeq, which faces privatization.

Yedioth Ahronoth

reported that Gad Zeevi, a businessman who owns 19.7% of Bezeq's shares, is trying to sell part of his holdings in off-floor transactions. Zeevi has already realized NIS 30 million from selling Bezeq shares.

IDB Holdings closed off 3.2%, IDB Development shed 2.6% and Discount Investments dropped 2.5%. Leading banks didn't do any better. Discount Bank fell 1.7%, Bank Leumi lost 2.2% and Bank Hapoalim dropped 1.2%.

Israel Chemicals dipped 2.6%, completing a 7% loss in the last four days of trade, and Koor Industries (NYSE:KOR) closed down 1.2%.

But Teva Pharmaceuticals (Nasdaq:TEVA) gained 0.4%, and Nice Systems (Nasdaq:NICE) added 1.3%. Elron Electronic Industries (Nasdaq:ELRNF), which is controlled by Discount Investments, lost 2.1%. Formula Systems (Nasdaq:FORTY) dived 3.9% and Elbit Systems (Nasdaq:ESLT) lost 1.4%.

Shares in the Walla portal continued rising for the fourth consecutive trading day, on relatively fat turnover of NIS 665,000. A month ago the Antitrust Authority agreed to allow Walla to merge with Israel Online, a portal belonging to the Ha'aretz group. Walla leaped 21.9%

LIMS Laboratory Information & Management Systems lost 2% on exceptional turnover of NIS 1.6 million, on its ex-dividend day. The company has distributed NIS 6.3 million dividends.