Tel Aviv stocks ended Wednesday where they had begun - up 0.5%.

The Maof-25 index closed up 0.5% to 407.3 points and the TA-100 index climbed 0.3% to 386.9 points. Technology shares gained 4.1%. Total turnover was moderate at NIS 294 million.

Teva Pharmaceuticals (Nasdaq:TEVA) closed off 2.7% on the session's biggest turnover of NIS 67.3 million. Investors had moments to react to its surprise announcement that it won't be buying the injectibles unit of F.H. Faulding, after finding the due diligence talks "quite disappointing".

The TASE suspended trade in Teva, but it had sunk from a loss of about 1%, sustained throughout the earlier sessiondue to its negative arbitrage gap.

Tower Semiconductor (Nasdaq:TSEM) closed up 6.9% after opening with a positive arbitrage gap of 4.6% and reaching a compromise with the government over a subsidy for Fab 1. To receive the grant, Tower must limit the number of workers it plans to lay off.

Delta Galil Industries (Nasdaq:DELT) closed down 4.2% after reporting $149.5 million revenue for Q3, 41% more than Q3 of 2000.

Retalix (Nasdaq:RTLX) closed up 2.5% on high turnover of NIS 11.2 million, after investment house UBS Warburn rated it a Buy and set a price target of $20, 32% above the market.

Electronics Line (NM:EIC) finished up 6.9% after announcing a NIS 71 million deal with a European company.

Participation units of oil company Isramco jumped 6.5%, completing an 13% gain over two days. Earlier in the week Antitrust Commissioner Dror Strum suggested that Isramco also sell natural gas to the Israel Electric Corporation, for the sake of competition in the sector.

Drugmaker Agis closed off 3.8% on NIS 2.1 million volume of trade, probably on expectations of a disappointing third quarter.

Applicom Software Industries gained 7.6% on NIS 976,000 turnover despite disappointing Q3 results. Profit shrank 97% from the parallel to NIS 149,000. Revenue slid to NIS 73.3 million, 10% less than in the same period last year. The gains suggest that investors expected even worse results.

Discount Investments gained 3.4% after mobile communications company Cellcom today reported NIS 184 million profit for Q3, 58% higher than in the parallel quarter of 2000. Revenue increased to NIS 1.2 billion, 3% than in the same period last year. Discount Investments owns a 25% interest in Cellcom.

Other IDB group stocks closed with gains. IDB Holding Corporation closed up 1.9%, IDB Development Corporation climbed 4.7%, and Clal Investments closed with gains of 4.1%.

Bank Leumi closed up 1% even thought Swiss banking watchdogs slammed the Zurich operation of Israel's Bank Leumi, ordering it to fire its general manager and to conduct an external audit.

Bank Hapoalim rose by 0.5%, Mizrahi Bank gained 1.9%, and Bank Discount closed up 1.3%.

Building blocks manufacturer Ytong fell 5.2% on NIS 4.2 million turnover. The company is distributing NIS 65 million dividends.

Koor Industries (NYSE:KOR) closed up 0.2%, and subsidiary Makhteshim Agan Industries gained 0.6%.

Formula Systems (Nasdaq:FORTY) gained 2.7%, and Scitex (Nasdaq:SCIX) closed up 9.3%. Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) dropped 1.4%, Elbit Medical Imaging (Nasdaq:EMITF) closed off 1.1%, Elbit Systems (Nasdaq:ESLT) dropped 1.4%, and Magal Security Systems (Nasdaq:MAGS) lost 5.2%.

Phone company Bezeq dropped 0.6% on NIS 21.5 million turnover. after opening with similar gains.