TASE indices mirror Nasdaq decline early Wednesday - TheStreet

The TASE session is opening with mild 0.8% gains Wednesday, after the 2.6% Nasdaq slip last night and the growing political tensions that increased investor uncertainty.

The Maof-25 is slipping 0.88%, the TA-100 is losing 0.56% and the Tel Tech is shedding 0.28% on opening turnover of NIS 7 million.

Teva Pharmaceuticals (Nasdaq:TEVA) is rising 1% on FDA approval for its Fluoxetine, the generic version of Eli Lilly¿s anti-depressant Prozac. The approval followed the U.S. Supreme Court's decision not to extend the patent period for Prozac.

Discount Investment Corporation is losing 1.2% and Elron Electronic Industries (Nasdaq:ELRN) is shedding about 1% following negative responses in the U.S. market yesterday to the planned second public offering from their holding, Given Imaging (Nasdaq:GIVN).

The Delek Group is slipping 1.5% after yesterday raising NIS 140 million in bonds, almost double the original planned $75 million. Demand from institutional investors exceeded $260 million.

Partner Communications (Nasdaq:PTNR) is losing 3.2% having opened with a negative 3.4% arbitrage gap. The company yesterday reported its first NIS 54.4 million operating profit in Q4 2001, and an annual 2001 profit of NIS 102.9 million. In 2000 the company posted an operating loss of NIS 540.2 million.