Mon: Strong Bezeq rises send TASE to another record

Delek Drilling and Avner Oil and Gas LP both rose, apparently ahead of Leviathan's results at the end of this week.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.5% to 1,314.73 points, the Tel Aviv 100 Index rose 0.6% to 1,215.26 points, and the Tel-Tech Index rose 0.8% to 247.84 points. Turnover was NIS 1.9 billion.

The Tel Aviv 25 Index broke its all-time record high, which was set only yesterday.

Bezeq The Israeli Telecommunication Co. Ltd. (TASE: BEZQ) continued to lead market gains, rising 4.2%, after reporting plans yesterday to issue a large NIS 3 billion dividend.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 1.9%, and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.6%.

Delek Drilling LP (TASE: DEDR.L) added 2.1%, and Avner Oil and Gas LP (TASE: AVNR.L) rose 2.4%, apparently ahead of the issuing of Leviathan's results at the end of this week.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1%, after reporting a $16 million deal.

Koor Industries Ltd. (TASE:KOR) rose 0.4% while its parent Discount Investment Corporation (TASE: DISI) fell 0.3%. Koor said today that it extended a bank loan which it had been given to buy shares in Credit Suisse.

Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) fell 1.4%. Yesterday, its CFO said he will be resigning.

In the bond market, long-term Shahar shekel bonds ranged between gains of 0.1% and losses of 0.1%, and long-term Galil CPI-linked bonds ranged from slight losses to gains of up to 0.2%. The corporate bond benchmark Tel-Bond 60 Index fell slightly.

Published by Globes [online], Israel business news - www.globes-online.com - on December 20, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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