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1

Thu: Tel Aviv 25 up 4.1% for week

market
  In a positive end to a very positive week, Mizrahi-Tefahot was today's outstanding advancer, while the newly launched Biomed Index rose again.
  Aviv Levy 04/03/2010
 0.2%. Government bonds also rose, with Shahar bonds rising by up to 0.1%, and Galil bonds rising by up to 0.2%. On the foreign exchange market, the shekel weakened against both leading currencies. The shekel-dollar representative rate rose 0.23%, to NIS 3.778/$, and the shekel-euro representative rate rose 0.54%, to ...
2

Benny Steinmetz sells Cellcom stake to Discount Investment

market
  IDB group company Discount Investment bought the 1.5% stake for NIS 150 million.
  Irit Avissar 04/03/2010
 The transaction took place in January, and the shares were sold at a price per share of NIS 102, a discount of 10% on the market price. Since then, Cellcom shares have gained 10% to a price of NIS 131. The rise in the share price gives Discount Investment an ...
3

Hezi Bezalel buys Xfone 018

market
  Talks are underway for Xfone to become the first MVNO in Israel.
  Yossi Nissan 04/03/2010
 for $6.5 million. Bezalel recently bid for Motorola unit Mirs, and said at the time that he would consider other investments in the Israeli telecommunications market. Today, Bezalel's Marathon Telecommunications signed a memorandum of understanding to buy Xfone 018. Xfone 018 is one of Israel's four international calls carriers, and ...
4

Shekel weakens against dollar, euro

market
  Foreign currency market participants see stiff resistance at the NIS 3.78-3.82/$ range.
  Hillel Koren 04/03/2010
  Shekel weakens against dollar, euro Foreign currency market participants see stiff resistance at the NIS 3.78-3.82/$ range. Hillel Koren04/03/2010 10:36:00 The shekel is weaker today against both the dollar and euro. The shekel-dollar exchange rate is up 0.18% to NIS 3.7757/$, and the shekel-euro exchange rate is ...
5

InterCure bonds rise on debt deal talk

market
  Series B bondholders will gain control of the company.
  Gali Weinreb 03/03/2010
 hypertension, was due to progress in talks on a debt settlement with the company's bondholders. The share fell 0.8% today to NIS 0.51, giving a market cap of NIS 12.7 million. The bond price rose 3.5% today to NIS 0.32. In December 2009, InterCure asked its bondholders to postpone three ...
6

Consumers buy more with credit cards

market
  Despite months of clearing related fines, ICC-Cal again reported the highest profit.
  Eran Peer 03/03/2010
 Isracard is the largest credit card company, with a transaction turnover of NIS 81.5 billion in 2009, compared with NIS 77.6 billion in 2008. Its market share of 48.6% is slowly growing. Net profit rose to NIS 179 million in 2009 from NIS 176 million in 2008. Revenue rose to ...
7

Wed: Market stumbles near all-time high

market
  Trading was mixed today after two days of rises, with the banks notably weak, but the new Biomed Index powered on.
  Aviv Levy 03/03/2010
  Wed: Market stumbles near all-time high Trading was mixed today after two days of rises, with the banks notably weak, but the new Biomed Index powered on. Aviv Levy03/03/2010 17:38:00 The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index fell 0.06% to ...
8

Motorola's new home smartphone based on DSPG chipset

market
  DSP Group did not disclose the size of the deal, but it could reach tens of millions of dollars.
  Shiri Habib-Valdhorn 03/03/2010
 that combines Internet access and a smartphone user experience within the home." DSP Group's share rose 0.8% at the opening today to $7.97, giving a market cap of $182 million. The company has 450 employees, including 300 in Israel. Published by Globes [online], Israel business news - www.globes-online.com - on March 3, ...
9

ProteoLogics IPO oversubscribed three-fold

market
  In response, ProteoLogics raised the price of units of shares and warrants by 23%.
  Gali Weinreb 03/03/2010
 general strong interest in Israeli biomedical companies in recent weeks. Five biomedical companies have carried out or plan to carry out reverse merges with stock market shells, the TASE launched its Biomed Index yesterday to great acclaim, and there is a general appetite among investors for risk whetted by the ...
10

Isramco gains on securities, not Tamar

market
  The gas exploration partnership posted a net profit of NIS 215.4 million in 2009.
  Adi Ben-Israel 03/03/2010
 net loss of NIS 170.7 million in 2008. The company attributed the profit to capital gains on securities, interest payments, and dividends, thanks to the market rally last year. Isramco's financing revenue rose to NIS 167.2 million in 2009 from NIS 36.4 million in 2008. Expenditure on oil and gas ...

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