Bloomberg News

Israel Stocks: Clal Biotechnology, Partner, Sunflower, WideMed

February 14, 2012

Feb. 13 (Bloomberg) -- Israel’s TA-25 index gained for a third day, increasing less than 0.1 percent to 1,121.26 at 2:16 p.m. in Tel Aviv.

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

Clal Biotechnology Industries Ltd. (CBI IT) headed for the biggest advance since Jan. 29, climbing 1.1 percent to 15.94 shekels. The investor in biotechnology companies said its 20 percent-owned Gamida Cell unit completed enrollment of patients for a Phase III clinical trial for StemEx, a cord-blood stemcell product for leukemia and lymphoma.

Partner Communications Co. (PTNR IT) gained 1.7 percent to 32.59 shekels, poised for the highest close since Jan. 23. UBS AG said speculation of a minority buyout or a stake-sale in Israel’s second-largest mobile-phone company may help shares in the near term.

Sunflower Sustainable Investments Ltd. (SNFL IT) advanced 3 percent to 8 shekels, the highest level since Nov. 30. The developer of photo voltaic solar-energy projects said a unit will buy solar parks in Spain for 7.5 million euros ($9.9 million).

WideMed Ltd. (WDMD IT) increased 2.7 percent to 0.426 shekel, the highest since Jan. 25. The provider of bio-medical signal diagnostics and treatments said it got an order for a system from a U.S. hospital.

--Editors: Susan Lerner, Claudia Maedler

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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