Tel Aviv stocks are starting the week with 1% gains after a bullish weekend on Wall Street. At mid-day the Maof-25 index is up 0.9%, crossing the 408-points barrier en route to 420. The TA-100 index is climbing 1.3% and tech stocks are climbing by 3.8%.
But total turnover is low at NIS 132 million.
All eyes are on Koor Industries (Nasdaq:KOR) stock, which is climbing 5.7% on turnover of NIS 6.6 million after affiliate ECI Telecom (Nasdaq:ECIL) gained 11% at the end of last week. ECI stock, which has spent the last year in the doghouse, is back in favor, having gained 145% over five weeks, and 40% in November alone.
Big bank shares are weak on expectations of poor quarterly results. Bank Hapoalim is down 0.6% on the highest turnover of the day, NIS 9.5 million. Bank Leumi is slipping 0.8%. Discount Bank is dipping 0.1%, while Mizrahi Bank is climbing by 1%.
First International Bank, which received a Hold rating from HSBC, is gaining 0.7%.
Teva Pharmaceuticals (Nasdaq:TEVA) is behaving as usual: It's up 2.1% on the second-highest turnover of the day, NIS 1.8 million.
Food-maker Osem Industries is down 0.2%, having reversed from handsome opening gains after announcing its Q3 results. The company showed growth with revenues of NIS 587.9 million and profits of NIS 31.9 million.
Other shares in the black are Bezeq, up 2.7% and drug company Agis Industries, climbing a hefty 5.1%.
It's a bright day for IDB group stocks. IDB Holdings is up 0.7%, IDB Development and Discount Investments are gaining 1%. Clal Industries, which reported an NIS 147 million loss this morning, is dipping 0.6%.
Dual-listed shares are generally hopping. Nice Systems (Nasdaq:NICE) is climbing 3.7% and Formula Systems (Nasdaq:FORTY) is leaping 6.8%.
Metalink (Nasdaq:MTLK) is up 6%. Retalix (Nasdaq:RTLX), which set out this morning with a negative 1.3% arbitrage gap, is adding 2.4%. Tower Semiconductor (Nasdaq:TSEM) is leaping 7.4%.
Green Venture Capital is soaring 21%, completing a 100% rise over the last ten days.