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Teva jumps 2.3%, as Maof-25 index rises 0.6%

Ma'ariv adds 5% on Saban purchase offer, Delta-Galil drops 3.8%

Trade on the TASE opened this morning with moderate 0.6% gains in the leading indices, on an ordinary turnover of NIS 25 million. The rise occurs in the face of political escalation and a negative trend on Wall Street last night, where the Nasdaq lost 2.47% and the Dow 0.34%.

The Maof-25 is up 0.61% to 438 points, and the TA-100 is up 0.4% to 424 points. The Tel-Tech is falling about 1.3%.

Arbitrage shares, having opened mixed, are now on a positive trend. Teva (TASE:TEVA), with the highest turnover on the floor today, NIS 7 million, is adding 2.3%, Matav Cable Systems (TASE:MATV) is gaining 3%, and Koor Industries (TASE:KOR) is up 2.1%. Delta-Galil Industries (TASE:DELT), is dropping 3.8%.

Tioga Technologies, an arbitrage share that began trading on the TASE today, remains unchanged for the moment, having roused no interest in investors.

Bank shares are on steady ground. Leumi Bank (TASE:LUMI) is adding 0.7%, and Bank Hapoalim (TASE:POLI) fares similarly with a 0.3% rise. Israel Discount Bank (TASE:DSCT) is also up 0.4%. First International Bank of Israel (TASE:FTIN1) however is shedding a mild 0.1%.

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Players seem unfazed by the item in the


daily this morning about Israel Discount Bank's expected sale of its holdings in First International (26%) for NIS 800 million. Estimates are the bank plans the sale to improve its capital balance.

The IDB group is posting handsome gains. IDB Holdings (TASE:IDBH) is climbing 1.1%, IDB Development (TASE:IDBD) is rising 1.4% and Discount Investment (TASE:DISI) is up 1.2%. Clal Industries (TASE:CII), which shed 3% after the merger with Clal Electronics, is back on the rise, adding 1.2%.

Ma'ariv Holdings (TASE:MARV) is posting a 5% climb, continuing the trend of the last three days, in which the share soared 17% on news item in of Haim Saban's offer to buy the company for $400 million. The company's current market value is $150 million.