Tel Aviv stocks ended the Thursday session with a hefty 1.5% gain after spend the day fluctuating between mild gains and more substantial rises.
Trade began with thin gains of 0.3%. By mid-morning the leading indices were up by about 1% but the gains moderated as the session wore on. Prices began to pick up shortly before closing, boosted by rising shares in Europe.
The Maof-25 index of blue chips ended up 1.5% to 427.9 points and the TA-100 index rose 1.3% to 418.7 points. Tech stocks finished up 1.7%. Total turnover was fairly slim at NIS 236 million.
Reeports season is on and the hunters are out in force. Elbit (Nasdaq:ELBT) finished up 1.3%, Elron Electronic Industries (Nasdaq:ELRN) gained 3.6% and agrochemicals giant Makhteshim Agan gained a slim 0.6% despite a warm Buy rating from UBS Warburg analyst Stephen Levey. He set its price target at NIS 13.1, 41% above the market.
Nice Systems (Nasdaq:NICE) hopped 7.8% after announcing a contract to provide the Indian company Tata Telecom with customer experience management solutions.
Phone company Bezeq finished up 3.7%.
Koor Industries (NYSE:KOR) rose 1.1% after starting on a positive arbitrage gap of 2.4%.
Teva Pharmaceuticals (Nasdaq:TEVA) gained 2.25% after reporting today new results regarding Copaxone's effect on multiple sclerosis disease activity.
Magic Software Enterprises (Nasdaq:MGIC) spent the day being alternatively punished and rewarded for its report. It ended up 4.4% after starting with a 1.3% hop, only to fall by 3.5%.
The banks finished mixed. Bank Hapoalim ended up 2.3%, Bank Leumi rose 0.6% and 5%, but Discount finished off 0.2%.
TAT Industries ended down 5.1%. Today
reported that the controlling shareholders in TAT Industries are discussing selling control to a foreign investor. Last week, the controlling shareholders Managing Director Dov Ze'elim and Chairman Shlomo Ostersetzer increased their holdings in TAT, investing NIS 14.5 million. TAT manufactures advanced aircraft equipment. TAT Technologies (NasdaqSC:TATTF) is part of the TAT group.
Mashov Computers is up 7.1%. The shares have posted an aggregate gain of 108% in the last month.
Hebrew portal Walla lost 4.1% after yesterday posting losses of NIS 7 million for the first quarter of 2001.