Bloomberg News

Israeli Stocks: Alvarion, Azrieli Group, BioCancell, Delek

October 05, 2011

Oct. 5 (Bloomberg) -- Israel’s TA-25 Index increased the most since Sept. 25, gaining 1.7 percent to 1,038.50 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.5 billion shekels ($401 million) of shares and convertible securities today, according to Tel Aviv Stock Exchange data.

The following stocks rose or fell today. Symbols are in parentheses.

Alvarion Ltd. (ALVR IT) snapped a three-day drop, advancing 2.9 percent to 3.92 shekels. The provider of wireless access solutions said it won a $2 million contract with Angola Communications Systems to install a high-speed wireless broadband network in the African nation.

Azrieli Group Ltd. (AZRG IT) rose the most since Sept 15, climbing 3.1 percent to 87.84 shekels. The real estate company is in talks to sell its Granite Hacarmel Investments Ltd. (GRNT IT) and Sonol Israel Ltd. units, Calcalist reported. Granite, a marketer of petroleum and automobile products, increased 3.9 percent to 5.451 shekels.

BioCancell Therapeutics Inc. (BICL IT) rose to the highest level since Sept. 5, increasing 4.9 percent to 1.531 shekels. The biotechnology company began a Phase IIB trial for its pancreatic-cancer treatment that was fast-tracked by the U.S. Food and Drug Administration.

Delek Real Estate Ltd. (DLKR IT) rose for the first time in more than a week, soaring 11.6 percent, the most since Sept. 26, to 0.163 shekels. The property company said it completed the sale of Trois Riviers and Jean Coutu.

D.N.A. Biomedical Solutions Ltd. (DNA IT) rose 9.3 percent, the biggest gain since Sept. 25, to 0.188 shekel after it got approval to market its MiniOmni device in Canada.

Flowsense Medical Ltd. (FLSN IT) soared 13.6 percent, the most since Sept. 8, to 0.092 shekel after it said it got a marketing agreement in Romania.

Koor Industries Ltd. (KOR IT) rose to the highest level since Aug. 15, gaining 8.4 percent to 37.85 shekels. Discount Investment Corp. (DISI IT) raised its offer to acquire 3.3 million shares of the holding company to 38.5 shekels a share from 35 shekels. Discount shares rose 3.2 percent to 31.98 shekels.

RadVision Ltd. (RVSN IT) fell to the lowest since February 2009, tumbling 9.6 percent to 18.71 shekels. The maker of video- conferencing systems lowered its third quarter forecast.

WideMed Ltd. (WDMD IT) advanced the most in more than a month, gaining 12.8 percent to 0.504 shekel. The company said it received approval from Canada to market its Morpheus cardio- sleep analysis product.

--Editors: Shanthy Nambiar, Robert Valpuesta

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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