Tel Aviv stocks ended Monday down 0.5% following declines on European markets.

The Maof-25 lost 0.47% while the TA-100 closed down 0.3%. Tech stocks lost 0.75%. The total volume of trade was NIS 213 million.

Teva Pharmaceuticals (Nasdaq:TEVA) lost 0.6% on the market's highest volume, NIS 22.7 million.

Bank shares dived at the end of the session. Bank Hapoalim lost 1.2%, Mizrahi Bank shed 0.3% and Israel Discount Bank closed down 0.4%. Bank Leumi dipped 0.1%.

Bezeq slid 1.5% on an NIS 17.8 million turnover after Ma'ariv today reported that Eurocom and Polar Investments (formerly known as Poalim Investments) are negotiating to acquire control in the national phone company.

Koor Industries (Nasdaq:KOR) lost 0.9% following news that it may have to take an additional charge on its investment in ECI, after selling a 12.5% stake in the telecoms equipment maker to the Isal-Dovrat-Ofer group.

IDB group shares closed mixed after a bullish session, following encouraging research from HSBC published yesterday. IDB Holdings gained 0.3%, while IDB Development climbed an even higher 1.2%. Discount Investment Corporation slipped 0.2% in spits of an Accumulate rating it received from Nessuah Zannex, which set its price target at NIS 147, 8% higher than its price market.

Migdal Insurance lost 0.9% after TheMarker.com reported this morning the company lost NIS 100 million on its investment in Bank Leumi shares.

Osem gained 0.5% in spite of Bank Hapoalim downgrading it from Buy to Hold, pricing it at NIS 36, 3% above its market price.

Dual-listed shares closed mixed with a downward bias. Elbit Systems (Nasdaq:ESLT) shed 0.3%, Nice Systems lost 2.4% and Retalix closed down 1.5%.