Both the Maof-25 and TA-100 indices ended Tuesday with slim gains of 0.3% after a volatile session. The Tel-Tech didn't do much better with an 0.4% rise and bank stocks ended in the red.
Total turnover was thin at NIS 182 million. Teva Pharmaceuticals (Nasdaq:TEVA) was the liveliest stock on the floor, losing 0.9% on turnover of NIS 19 million.
Koor Industries (NYSE:KOR) gained 4.5% on moderate turnover despite starting on a negative arbitrage spread of 1.4%. Ma'ariv reported that it has hired Merrill Lynch to advise it on selling ECI Telecom (Nasdaq:ECIL) subsidiary ECtel (Nasdaq:ECTX).
Yesterday, Yedioth Ahronoth reported that Koor is in talks to sell Elisra.
Other reports talked of a strategic partner joining another Koor subsidiary, agrochemicals provider Makhteshim Agan Industries. Which, by the way, rose 0.5% on hefty volume of NIS 6 million.
Although the banking index ended down, Hapoalim finished with an 0.6% gain. Leumi lost 0.3%, Mizrahi shed 0.6%, and Discount fell by almost 2%. Ma'ariv reported tdoay that Mizrahi lost millions on improper stock deals made by high-ranking bank executives.
The Bezeq phone company, the third-most active stock today, rose 0.4% on NIS 12 million turnover. Earlier in the session it had been up 1.5%. Ha'aretz today reported that Poalim Investments is consolidating a group of Israeli investors to buy control of the company from the state. Poalim Investments did less well, ending down 0.6%.
IDB group stocks, among the weightiest on the floor, finished in the green. IDB Holding Corporation gained 1.1% on NIS 13 million turnover while its sister corporation, IDB Development, inched up by 0.2%. Discount Investments powered ahead with a 2% gain and Clal Industries hoped 2.6% on NIS 7 million turnover.
Nice Systems (Nasdaq:NICE) slid by 1.8% on NIS 4 million turnover after sharp gains last week.