Bloomberg News

Israeli Stocks: Alvarion, Cellcom Israel, Teva, Perrigo

October 26, 2011

Oct. 26 (Bloomberg) -- Israel’s TA-25 Index increased for the first time in three days, climbing 0.5 percent to 1,140.81 at 12:58 p.m. in Tel Aviv.

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

Alvarion Ltd. (ALVR IT) gained the most in three months, jumping 7.6 percent to 3.89 shekels. The maker of wireless telecommunications equipment said the Mexican State of Jalisco chose the company’s equipment for an educational network.

Cellcom Israel Ltd. (CEL IT) fell the most in almost three weeks, declining 2.6 percent to 77.90 shekels. The country’s largest mobile-phone company said Chief Executive Officer Amos Shapira will step down on Dec. 31 to be replaced by Nir Sztern.

Teva Pharmaceutical Industries Ltd. (TEVA IT), the world’s largest generic drugmaker, dropped for the third time this week, retreating 1 percent to 143.70 shekels. The U.S. Food and Drug Administration is outlining plans to set tighter standards on generic drugmakers. Perrigo Ltd. (PRGO IT), the biggest U.S. maker of generic over-the-counter drugs, lost 1.9 percent to 361.70 shekels.

--Editors: Susan Lerner, Ana Monteiro

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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