Israel’s TA-25 Index gained for a second day, increasing 0.3 percent to 1,213.40 at 1:34 p.m. in Tel Aviv.
The following stocks rose or fell today. Symbols are in parentheses.
Atia Group Ltd. (ATIA) slumped 8.8 percent to 0.196 shekel, heading for the lowest close since at least February 1996, when Bloomberg began trading the stock. The shares of the real-estate development company may be suspended from trading July 3 if financial results aren’t refiled, the Tel Aviv Stock Exchange said.
Bioline RX Ltd. (BLRX) jumped to the highest level since June 1, gaining 3.8 percent to 1.53 shekels. The biopharmaceutical development company started a Phase II/III trial of BL-1020 to treat schizophrenia.
Cellcom Israel Ltd. (CEL) dropped to the lowest since May 2009, declining 2.1 percent to 94 shekels. Discount Investment Corp. (DISI) is considering selling a 5 percent stake in the country’s largest mobile-phone operator. Discount increased 0.6 percent to 49.30 shekels.
El Al Israel Airlines (ELAL) Ltd climbed the most in a week, increasing 1 percent to 0.974 shekel. TheMarker reported Israel’s national carrier is in talks to buy Israir Airlines & Tourism Ltd. from IDB Holding Corp. (IDBH IT). El Al said in response it examines “cooperation possibilities” from “time to time.” IDB jumped 2.4 percent to 72.10 shekels.
Israel Chemicals Ltd. (ICL) gained for the first time in three days, advancing 1.7 percent to 51.66 shekels. Goldman Sachs Group Inc. raised its potash price forecasts for the next 12 months by 6 percent to 9 percent after Russian fertilizer producer OAO Uralkali (URKA), said it expects an increase in the spot price for Southeast Asia in the third quarter and further price increases in Europe and Brazil in the second half.
Koor Industries Ltd. (KOR) jumped the most in a week, adding 1.9 percent to 62.69 shekels. The holding company’s board approved a loan agreement in connection with the sale of a stake in Makhteshim-Agan Industries Ltd. (MAIN) to China National Chemical Corp. Makhteshim, the world’s largest maker of generic agrochemicals, climbed 0.6 percent to 19.17 shekels.
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