Bloomberg News

Israeli Stocks: Allot Communications, RadVision, Protalix

December 07, 2011

Dec. 7 (Bloomberg) -- Israel’s TA-25 Index declined to its lowest since Nov. 29, retreating 2 percent to 1,067.98 at the 4:30 p.m. close in Tel Aviv. The measure has lost 19 percent this year. Investors traded about 1.28 billion shekels ($342 million) of shares and convertible securities, according to bourse data

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

Allot Communications Ltd. (ALLT IT) advanced for a third time this week, gaining 2.6 percent to 65.28 shekels, or the equivalent of $17.44. RBC Capital Markets said the Israeli maker of high-speed networking equipment may be an acquisition target and that the shares may rise to $20 in the next 12 months.

Protalix BioTherapeutics Inc. (PLX IT) jumped the most since Nov. 28, rising 4.2 percent to 19.69 shekels, or the equivalent of $5.26. The shares in the Carmiel-based biotechnology company narrowed the gap with its U.S. traded shares which closed at $5.39 yesterday.

RadVision Ltd. (RVSN IT) increased to its highest level since July 4, climbing 5.5 percent to 26.36 shekels, or the equivalent of $7.04. The maker of video-conferencing systems followed a gain in the U.S.-traded shares, which closed at $7.07 yesterday in New York.

--Editors: Claudia Maedler, Tim Farrand

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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