The Tel Aviv Stock Exchange is trading on a positive note with leading indices up an average 1%, after Nasdaq closed up last night and the IDF pulled out of Hebron. The Maof-25 blue chip index is currently up 1.2% to 380.3 points and the TA-100 is also adding 1.1% to 366.8 points. Technology shares are climbing 2.1% to 217.9 points. Turnover is a slim NIS 88 million.
Teva (Nasdaq: TEVA) is swelling 1.3% on the market's highest turnover, NIS 22.2 million, overtaking most of the positive arbitrage spread with which the company started the day.
Discount Investments is recovering 1.1% on the sale of subsidiary Albar Leasing for NIS 268.5 million, a deal expected to yield NIS 40 million in capital gains for Discount.
The rest of the IDB group is also sailing along on the back of the Albar deal with IDB Holdings seeing a 0.2% rise and IDB Development up 1.5%, despite the rating downgrade from Maalot on its corporate bonds from AA+ to AA. Clal is up 0.8%
The two major banks are on the way up this morning. Bank Hapoalim is adding on 0.7% and Bank Leumi an even heavier 1%.
Israel Chemicals is up 1.3%, after announcing the acquisition of British company Cleveland Potash for $45 million.
The communications sector is headed up with Bezeq gaining 1.6% and Partner (Nasdaq: PTNR) up 1.1%.
Among the dual-listed shares, Retalix (Nasdaq: RTLX) is sliding 1.5% despite good financials reported yesterday. On the other hand, Audiocodes (Nasdaq: AUDC) is picking up a heavy 8% after starting the day with 7.6% positive arbitrage.
Companies in the Tethys Sea Partnership are posting nice gains after yesterday¿s reports that Prime Minister Ariel Sharon, who also serves an National Infrastructures Minister, granted them a license to establish and operate a natural gas pipeline from oil rigs in the Mari production area to the city of Ashdod. Participation units in Avner are up 1.8% and in Delek Drilling, 2.7%