Bloomberg News

ISRAEL DAYBOOK: High Court of Justice to Hear Shalit Appeal

October 17, 2011

(ILGD <GO> for Israel Finance Ministry)

(ECO IS <GO> Israel Economic releases)

(BOIJ <GO> for Israel Central Bank)

(MET <GO> and EXTRA <GO> for Middle East turmoil)

Oct. 17 (Bloomberg) -- The High Court of Justice will hear appeals against the release of Palestinian prisoners in exchange for the return of abducted soldier Gilad Shalit.

Local markets will close at 2:45 p.m. today and tomorrow and will be shut Oct. 19 and Oct. 20 for a holiday.

WHAT TO WATCH: * The Bank of Israel may release a report on recent economic developments.

EQUITY MOVERS: * The controlling shareholder of Partner Communications Co. (PTNR IT) is seeking to sell a 15 percent stake in the country’s second-largest mobile-phone operator, Globes reported, without saying where it got the information. Partner advanced 3.5 percent to 41.98 shekels. * Shufersal Ltd. (SAE IT) employees called a work dispute through the Histadrut labor federation following the announcement of an agreement to sell a controlling stake in the country’s largest supermarket chain. Shufersal rose 4.2 percent to 17.10 shekels. * Teva Pharmaceutical Industries Ltd.’s (TEVA IT) New Drug Application for its tablets that treat Parkison’s disease is scheduled to be discussed by a U.S. Food and Drug Administration committee. Teva gained 3.4 percent to 145 shekels.

MARKETS: * The TA-25 Index rose 4.3 percent to 1,131.34. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.68 percent. * The shekel strengthened 0.2 percent to 3.6471 per dollar at 8:37 a.m. in Tel Aviv. * Corn for December delivery was unchanged at $6.40 a bushel. * Crude oil for November delivery added 0.8 percent $87.46 a barrel. * Gold for immediate delivery slipped 0.1 percent to $1,678.89 an ounce.

--Editors: Susan Lerner, James Kraus

To contact the reporter on this story: Gwen Ackerman in Jerusalem at

To contact the editor responsible for this story: Claudia Maedler at

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