Although profit taking squeezed Tel Aviv indices down a little midday, the Maof managed to close up 0.5%, the TA-100 climbed 1% and the Tel Tech gained an even heftier 1.62%.

Total turnover was higher than the average NIS 200 million, and totaled NIS 414 million.

Long-term shekel bonds gained 0.7%, and are carrying a 6.37% yield.

Teva Pharmaceuticals (Nasdaq:TEVA) rose 0.9% on the second highest turnover on the floor, NIS 30 million. The FDA last night postponed its decision on the marketing of Swiss company Ares-Serono's multiple sclerosis drug, Rebif, which competes with Teva's Copaxone.

Bezeq lost 1.6% on NIS 36 million total turnover, the highest on the floor. The share opened on the rise.

Bank shares were mixed. Bank Hapoalim closed down 0.3%, while Bank Leumi gained 0.7%. Israel Discount Bank rose 0.77%, and First International climbed 3.7%. Bank Mizrahi shed 0.5%.

Real estate shares continued their rally, following the 2% interest rate cut expected to boost their dollar based sector. Industrial Building Corp (TASE: IBLD) climbed 5.2% after the company's announcement this morning that it raised NIS 83 million from institutional investors in a bond issue. Housing & Construction (TASE:HUCN) rose 2.2% on NIS 7.7 million, Properties & Building (TASE:PTBL) closed up 3%, and Azorim climbed 3.3%.

IDB shares were also mixed. IDB Holdings climbed 1.3%, while IDB Development shed 0.1%. Clal Industries rose 1% on NIS 7 million total turnover, and Discount Investment Corporation dipped 0.1%.

Lipman added a 3% climb to its 27% rise this month, on a new $4 million contract it announced yesterday. Agis Industries recovered by about 1.7% after its profit warning for 2002 weakened the share in the last few days.

Makhteshim Agan gained 0.8% after receiving a buy rating from Bank Mizrahi this morning. Its parent company Koor Industries (Nasdaq:KOR) closed up 0.4%.

Partner Communications (Nasdaq:PTNR) gained 6.2% on an NIS 4.2 million total turnover. Nice Systems (Nasdaq:NICE) climbed 1.1%, but Elbit Systems (Nasdaq:ESLT) shed 1.8%.

Hashmira Security Technologies slipped 0.62% after session long climbs of 7.7%, on news controlling shareholders were negotiating to sell their holdings to the international company ISS. The company did not deny the negotiations, but said it had no intentions to relinquish its control in the company.