Jan. 15 (Bloomberg) -- Israel’s TA-25 Index declined to the lowest level since Jan. 9 in intraday trading, retreating 1.6 percent to 1,110.57, at the 3:23 p.m. in Tel Aviv. The measure has gained 2.3 percent this year after dropping 18 percent in 2011.
The following stocks rose or fell today. Symbols are in parentheses.
Ampal-American Israel Corp. (AMPL IT), the owner a 12.5 percent stake in a company that exports gas from Egypt to Israel, gained 3.9 percent, the biggest intraday jump since Jan. 10, to 1.536 shekels, or the equivalent of $0.40. Ampal’s U.S.- traded stock surged 15 percent in New York to $0.4276 on Jan. 13.
Delek Group Ltd. (DLEKG IT) dropped the most since Dec. 28, declining 5 percent, to 758.9 shekels. Delek’s oil and gas exploring unit, Delek Drilling-LP (DEDRL IT), issued a reserves update which showed lower estimates for oil quantities at the Leviathan site. Delek Drilling lost 4.3 percent to 14.91 shekels. Avner Oil Exploration LLP (AVNRL IT) slumped 3.8 percent to 2.613 shekels. Ratio Oil Exploration 1992 LP (RATIL IT), a partner in the Leviathan site, dropped 9.7 percent to 0.373 shekel.
Negev Ceramics Ltd. (NGEV IT) jumped 7.3 percent to 23.34 shekels, poised for the highest close since at least February 1996, when Bloomberg began tracking the stock. Africa Israel Industries Ltd. (AFID IT) offered to buy the remaining 10 percent of the tile maker for 23 shekels a share. Africa Israel Industries gained 2 percent to 250 shekels.
Migdal Insurance & Financial Holding Ltd. (MGDL IT) had the biggest intraday surge since Dec. 11, climbing 4.7 percent to 5.64 shekels. The insurance company said controlling shareholder Assicurazioni Generali SpA received bids for a holding in the Israeli company.
--With assistance from Gwen Ackerman in Jerusalem. Editors: Claudia Maedler, Riad Hamade
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com