Tel Aviv stocks are starting the week's last trading day with a positive bias on negligible turnover.
Blue chip indices are up a slim 0.3%, with Teva Pharmaceuticals (Nasdaq:TEVA) as usual leading the list of most-traded shares on a 1.3% gain, after slipping almost 3% yesterday on news that it won't be buying the F.H.Faulding injectibles unit after all.
AudioCodes (Nasdaq:AUDC) is rocketing up by 35% after starting on an arbitrage spread with Nasdaq of 40%, but on tiny turnover. That's because there's only one seller out there, versus a lot of demand.
Delek Automotive is up 3.7% on a very small volume of trade, after reporting a 45% slide in its third-quarter profits to NIS 33 million, and a 40% drop in revenue to NIS 661 million. The company imports Mazda and Ford to Israel.
Its parent company, Delek Group, is rising 2.8%, on the other hand. Ma'ariv today reported that it may float its 100% subsidiary Delek The Israel Fuel Corporation on the Tel Aviv Stock Exchange.
Cellcom's positive results for the third quarter are still lifting Discount Investments, by 1.2% today after a 3.4% gain on Wednesday.