Tel Aviv stocks are up 0.5% Monday morning, after closing unchanged on Sunday. The Maof-25 blue chip index is up 0.5% to 392.2 points, and the TA-100 index is edging up 0.3% to 376.9 points. Technology shares are unchanged. Total turnover is a minuscule NIS 5 million.
Koor Industries (NYSE:KOR) is up 2.8%, and Clal Industries is rising 1.6%. Affiliate ECI Telecom (Nasdaq:ECIL) yesterday posted $194.7 million revenue for Q1, close to projections. Loss came to $52.1 million, among other things due to a $53 million write off in subsidiary InnoWave. The results are generally not as bad as had initially been expected.
Drug giant Teva Pharmaceuticals (Nasdaq:TEVA) is up 0.1% on the session's biggest turnover, NIS 1.5 million.
Bank Hapoalim is rising 0.4%, Bank Leumi is up 0.6%.