Skip to main content

Leading TASE indices closed the Thursday session on the rise, after a cumulative 5% loss for the Maof-25 since January 6. The Maof-25 gained 0.9%, and the TA-100 climbed 0.68% while the Tel Tech slipped 0.25%. Turnover was a lightweight NIS 215 million.

Tower Semiconductor (Nasdaq:TSEM) dropped 3.6% on NIS 1.5 million turnover, having plunged 5.1% yesterday. The fall was due to the 5.1% drop in the semiconductor index in the U.S. last night, and the relatively low premium bond issue, which had investors opting for the bonds rather than the company shares.

Teva Pharmaceuticals (Nasdaq:TEVA) closed up 0.4% after opening with a negative 0.3% arbitrage gap. The company yesterday received tentative FDA approval for its anti-depressant Mirtazapine. The share is once again taking central stage on the TASE, as volume crawls back down.

Elco Holdings gained another 5.8% to the 7.5% rise last night, following its purchase of the French electronic appliances giant Brandt for $225 million. Turnover for the share was NIS 3.1 million.

Nice Systems (Nasdaq:NICE) corrected for the second consecutive session, rising 1.7% on NIS 8.7 million turnover.

TheStreet Recommends

Bank shares closed mixed. Bank Leumi shed 0.4% on the bank's news of an early retirement plan estimated to cost NIS 120 million. Bank Hapoalim closed down 1.1% and Israel Discount bank gained 1.4%.

IDB group shares closed on the rise. IDB Development gained 1.9%, IDB Holdings climbed 0.9% and Discount Investment Corporation closed up 1.5%. Clal Industries rose an even higher 2.5%.

Isal Amlat Investment soared 15% on NIS 573,000 turnover, for no apparent reason.

Partner Communications (Nasdaq:PTNR) gained 2.6% on NIS 2.2 million turnover, after a NIS 19 million sale of its shares pushed the share down. The dip was also due to the Dankner family announcement Matav would sell some shares of Partner. Matav itself slipped 1.7% today.

Lipman gained 1.8% on NIS 2.9 million turnover on recently signed contracts.