Tel Aviv indices closed an unexciting Tuesday up a mild 0.6% on low NIS 170 million turnover. Morning gains were as high as 1%, but most of the day the market traded up just 0.5%. Around 4:30 p.m. possibly in response to the terror free day and the optimistic Nasdaq futures, there were gains of as much as 1.3%.

The Maof-25 eventually closed up 0.6%, the TA-100 rose 0.83%, while the Tel Tech 15 gained 0.76%.

Partner Communications (Nasdaq:PTNR) closed up 1.4% with NIS 4 million turnover, on investor satisfaction with its reports of a 40% revenue increase to NIS 881 million and an operating profit of NIS 54.4 million.

Elbit Systems (Nasdaq:ESLT) gained an impressive 1.6% today's highest turnover of NIS 19 million, on estimates shekel devaluation will positively affect its results.

Teva Pharmaceuticals (Nasdaq:TEVA) rose 0.8% on NIS 14.5 million, the second highest on the floor, having last night closed with a positive 0.9% arbitrage gap in the U.S.

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Other dual-listed shares were mixed. Elbit (Nasdaq:ELBT) rose 2.9% on rises posted by Elron, its future merger partner. Nice Systems (Nasdaq:NICE) rose 1.2%.

Unlike them, Tower Semiconductor (Nasdaq:TSEM) slipped 1.5% and Formula Systems (Nasdaq:FORTY) lost 2.6%.

Elron Electronic Industries (Nasdaq:ELRN) gained 2.7% on NIS 3.5 million turnover, and Discount Investment Corporation rose 2.3 % on NIS 7 million turnover, as holding Given Imaging (Nasdaq: GIVN) announced a planned secondary issue in an effort to raise $43 million.

Discount is planning to sell 510,000 shares, and the subsidiaries are also going to sell 1.2 million shares. Given closed yesterday at $14.36.

Noga Technologies soared 8.9% on NIS 532,000 turnover, and its parent company Noga Electrotechnika gained 4.6% on NIS 650,000 turnover, on their announcement that Noga Technologies CEO Itzik Goldenberg, who also chairs Noga Electrotechnika, will buy Noga Electrotechnika's 65% stake in Noga Technologies.

Giron Development and Building (TASE:GRON) closed unchanged on unusually high NIS 2.5 million turnover, possibly due to hostile takeover attempts by Eli Azur and Epsilon.