Tel Aviv indices have lost much of their opening momentum despite optimistic Nasdaq futures and gains in Europe. The Maof-25 and the TA-100 indices are up 0.5% and tech stocks are gaining 0.9%. Total turnover is low at NIS 65 million.

ECI Telecom (Nasdaq:ECIL) gains on Wall Street are lifting Koor Industries (Nasdaq:KOR) by 1.7% on NIS 3.3 million turnover.

Phone company Bezeq is rising 1.7% on NIS 6 million turnover. Merrill Lynch said it has several nibbles at the state's controlling stake in the company. Also, its putative rivals, the cable TV companies, all published weak reports for the third quarter.

Agrochemicals firm Makhteshim Agan Industries is up 0.5% after its successful notes issue last week. The notes are edging up 0.1% on NIS 3 million volume of trade, while options are down 2.3% on NIS 850,000 turnover.

Teva Pharmaceuticals (Nasdaq:TEVA) is off 1.4% on the session's biggest turnover, NIS 7.5 million.

Elron Electronic Industries (Nasdaq:ELRN) is rising 0.7%, Formula Systems (Nasdaq:FORTY) is up 1.7%, Nice Systems (Nasdaq:NICE) is down 1%, and Magal Security Systems (Nasdaq:MAGS) is down 4.9%.

IDB group stocks are in the green, with IDB Holding Corporation gaining 1.1%, IDB Development Corporation rising 2.1%, Clal Industries climbing 1.4%, and Discount Investments up 2%.