Tel Aviv stocks are a tad off opening gains, up 0.4% Monday mid-day. The Maof-25 blue chip index is up 0.4% to 392.0 points, and the TA-100 index is up 0.4% to 377.2 points. Technology shares are edging up 0.2%. Total turnover is a tiny NIS 37 million.
Paradigm Geophysical (Nasdaq:PGEO), which provides technical information solutions for the oil market is leaping 15.4% after Ma'ariv reported that an American firm is in talks to acquire the company at $100 million valuation. A Paradigm Geophysical spokesman told TheMarker there's nothing concrete, and that should there be, the company will provide information.
Koor Industries (NYSE:KOR) is jumping 3.4%, and Clal Industries is rising 1.4%. 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.
Digital recording system maker Nice Systems (Nasdaq:NICE) is rising 1.9%. Nice announced that the Austrian civil aviation authority has ordered two NiceLog systems for the Linz and Graz airports.
Drug giant Teva Pharmaceuticals (Nasdaq:TEVA) is up 0.3% on the session's biggest turnover, NIS 10.4 million.
Information technology firm Formula Systems (Nasdaq:FORTY) is up 1.7%.
Bank Hapoalim is rising 0.4%, Bank Leumi is up 0.6%. Mizrahi Bank is off 0.2%, and Bank Discount is down 0.5%.