Bloomberg News

Israel Stocks: Cellcom, Partner, Bezeq, Ratio, Delek Drilling

June 18, 2012

Israel’s benchmark TA-25 index rose for a second day, gaining 0.2 percent to 1,072.35 at 12:47 p.m. in Tel Aviv.

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

Cellcom Israel Ltd. (CEL) , Israel’s largest mobile-phone company, dropped 2.1 percent, the most since June 11 in intraday trade, to 27.60 shekels. A parliamentary committee yesterday eased rules for mobile-phone imports, raising concerns of a further erosion of revenues. Bezeq Israeli Telecommunication Corp. (BEZQ) , which provides wireless services via a unit, dropped 0.9 percent to 4.41 shekels. Partner Communications Co. (PTNR) , the country’s second-largest mobile-phone provider, dropped 2.1 percent to 17.54 shekels.

Ratio Oil Exploration 1992 LP (RATIL) , the oil and gas explorer, advanced 1.8 percent, the most since June 7, to 0.291 shekel. The company said production tests in the Leviathan 1 field at the Rachel/349 license area were completed successfully. Delek Drilling-LP (DEDRL) , a partner at the license, advanced 1.7 percent to 12.27 shekels.

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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