Bloomberg News

Israel Stocks: Delek Drilling, Avner Oil, Koor, IDB Holding

June 14, 2012

Israel’s benchmark TA-25 Index (TA-25) declined to the lowest since June 3, sliding 1.2 percent to 1,049.58 at the close in Tel Aviv. The gauge declined 3.7 percent this week. Investors traded 1.75 billion shekels ($452 million) of shares and convertible securities, according to bourse data.

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

Delek Drilling-LP (DEDRL) , a partner in the Tamar gas field, dropped 3.8 percent to 11.43 shekels, the lowest since Nov. 1. Gas contracts covering the Tamar natural gas field are being examined by the nation’s regulators.

Avner Oil Exploration LLP (AVNRL) , another partner in Tamar, lost 3.8 percent to 2.03 shekels. Isramco Negev 2 LP (ISRAL) decreased 3.3 percent to 0.469 shekel.

Koor Industries Ltd. (KOR) , which owns a stake in Credit Suisse Group AG (CSGN), retreated 11 percent, the most since Aug. 11, to 40 shekels. The Swiss bank was urged by its central bank to boost capital this year. IDB Holding Corp. (IDBH) , which owns a stake in Koor through Discount Investment Corp., dropped 9.6 percent to 12.60 shekels, the lowest close on record.

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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