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Tel Aviv stocks close Sunday with thin gains after terrorist attack in Hadera

Elbit Systems gained 1.5% on $200m deal with Lockheed

A terrorist attack in Hadera dragged down Israeli stocks on Sunday shortly before closing. Leading indices finished up 0.2%, after losing steeper afternoon gains.

The Maof-25 index and the TA-100 index each closed up 0.2%. Tech stocks gained 0.35%.

Leading indices opened with gains of up to 1.5%, following sharp losses on Thursday. Trade turned negative following reports of a Palestinian terrorist attack in the town of Hadera. Four people were reported dead and 31 wounded. Leading indices recovered later to finish the session with a positive bias.

Teva Phamaceuticals (Nasdaq:TEVA) rose 2.5% on NIS 13 million turnover. Elbit Systems (Nasdaq:ESLTF) closed up 1.5% on NIS 6.5 million turnover, after opening with 3% gains and an arbitrage gap of 1.2%, on news that Elbit Systems will be providing Lockheed Martin (NYSE:LMT) with smart pilot helmets, called Joint Helmet-Mounted Cueing Systems, for futuristic F-35 flyboys.

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The $200 billion Lockheed project is the biggest defense deal in history.

Elbit Medical Imaging (Nasdaq:EMITF) closed up 2%, Scitex (Nasdaq:SCIX) closed with 0.9% gains, and Elron Electronic Industries (Nasdaq:ELRN) closed up 1.2%. Koor Industries (NYSE:KOR) closed off 3.1% on NIS 3 million volume of trade.

Bank stocks closed down. Bank Discount closed off 0.5% on high turnover of NIS 14 million, following a 2.8% drop on Thursday, after carrying out a private placement to institutionals. Bank Hapoalim closed down 0.8%, and Bank Leumi slipped 0.6% on the session¿s biggest turnover, NIS 17 million. Mizrahi Bank lost 0.7%.