Sunday's trade in Tel Aviv shows a rise in leading indices while turnover remains moderate at NIS 65 million. The Maof-25 index of blue chips has risen by 1.78% to 473.09 points and the TA-100 index has climbed 1.73% to 458.85 points. The Tel-Tech technology index is lagging behind rising just 0.2% in light of the Nasdaq's Friday losses.
(Nasdaq:TEVA) has soared 8.4% on a turnover of NIS 16.5 million, the session's highest so far. The shares opened on a positive arbitrage gap of 8.2%. The hike is being attributed to Teva's February 8 announcement that it had won FDA approval to market two generic drugs, one for high blood pressure and the other an anti-inflammatory.
(Nasdaq:NICE) is down 3.3% on a NIS 7.4 million turnover, having opened on a negative arbitrage gap of 6.9%. Last Thursday, Nice plunged 15% after releasing a profit warning for its fourth quarter of 2000 and correcting its annual financial results. Nice also announced the dismissal of 220 workers, 100 of which will be fired from its development center in Israel.
National phone company
continues its correction efforts having posted losses since the beginning of the year. The shares have risen 3.7% on a NIS 2.7 million turnover.
Tefahot Israel Mortgage Bank has fallen 1.3% on an exceptional turnover of NIS 6.7 million. Today is the ex-day. In two weeks the bank will be distributing dividends of 264.7 agorot per share or 10% of the share's price.
Lipman Electronics has risen by 1.6%. The company today announced that it is extending its activities in Turkey and will be providing two Turkish banks with payment terminals of $2.5 million.