Tel Aviv stocks climbed 1% on Thursday, on high turnover of NIS 988 million.

January options on the Maof-25 index expired today, after the index dropped 0.4% to set 449.3 points as the critical index. Leading indices rallied after the expiration, gaining further momentum as the session wore on.

The Maof-25 index closed up 1% to 455.5 points, and the TA-100 index rose by 0.8% to 438.0 points. Technology shares closed down 0.7%.

Teva Pharmaceuticals (Nasdaq:TEVA) gained 1% after opening with positive arbitrage of 0.5%.

On their first day of trade, the bonds of Tower Semiconductor (Nasdaq:TSEM) attracted NIS 21.3 million turnover, and the options attracted NIS 4.1 million volume. Tower shares closed down 2.6%.

Real-estate company Gazit Globe closed down 1% after today releasing a profit warning for the fourth quarter of 2001. Losses for the quarter are expected to come to NIS 12 to 14 million due to the low indexes posted in the fourth quarter in the United States and Canada.

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Bank Leumi closed unchanged on the session's biggest turnover, NIS 115 million. The shares posted losses most of the session. Bank Hapoalim closed up 1.2% on NIS 106.7 million turnover. Bank Discount closed down 2.1%.

Koor Industries (NYSE:KOR) gained 4.1%, while its agrochemicals subsidiary Makhteshim Agan dropped 1.5%.

Dual-listed shares closed mixed. Retalix (Nasdaq:RTLX) and Elbit Systems (Nasdaq:ESLT) closed down 0.6%. Nice Systems (Nasdaq:NICE) gained 1.9%, and Elbit Medical Imaging (Nasdaq:EMITF) closed up 2.4%.

IDB group stocks closed mixed with a positive bias. Clal Industries climbed 3.9%, IDB Holding Corporation closed up 2.1%, and IDB Development Corporation closed with 0.1% gains. Discount Investments closed off 1.4%.

Insurance companies closed with gains. Migdal Insurance climbed 2.9%, and Clal Insurance close dup 2.1%.

Phone company Bezeq closed up 2.1%.