Israeli economy expanded for the third straight year
Bloomberg:
Israeli stocks rose after the government said gross domestic product grew 5.2 percent last year, citing preliminary figures. Strauss-Elite Ltd., the country's second-biggest foodmaker, led the advance.
The Tel Aviv-25 Index climbed 2.62, or 0.3 percent, to 826.04 as 11 stocks on the benchmark rose, 11 fell and three were unchanged. Investors bought and sold about 692 million shekels ($150 million) in shares and convertibles.
Israel's economy expanded for the third straight year, boosted by a 4 percent increase in consumer spending and a 7 percent gain in exports of goods and services, the government's central bureau of statistics said in Jerusalem today. The growth helped boost the TA-25 index by a third in 2005 to a record high.
The following shares also gained or fell in Israel. Stock symbols are in parentheses after company names.
Scitex Corp. (SCIX IT), a maker of digital-imaging equipment, fell 0.37 shekels, or 1.4 percent, to 27.13 shekels.
The company's board approved a proposal to change its name to Scailex Corp., Scitex said in a PR Newswire statement Dec. 30.
Strauss-Elite Ltd. (STEL IT), Israel's second-largest foodmaker, rose 2.61 shekel, or 6.4 percent, to 43.64 shekels, its biggest one-day jump in almost two years.
The company said it completed a merger between its Brazilian unit, Café Tres Coracoes, and Café Santa Clara to create the second-largest coffee maker in Brazil. The merger will help Strauss-Elite's worldwide coffee sales increase to 2 billion shekels in 2006 ($434 million) from 1.2 billion last year, the company said in an e-mailed statement.
Tadiran Communications Ltd. (TDCM IT), Israeli maker of military communications systems, rose 10.30 shekels, or 7.4 percent, to 149.40 shekels, its biggest one-day increase in more than four years.
The company won a $55 million contract from an unidentified Asian customer. The order is for tactical radios that will be used by the country's land forces, the Holon, Israel-based company said in a statement to the Tel Aviv Stock Exchange today.
Elbit Systems Ltd. (ESLT IT), which owns 39 percent of Tadiran, rose 3.30 shekels, or 2.9 percent, to 116.20 shekels.
Israeli stocks rose after the government said gross domestic product grew 5.2 percent last year, citing preliminary figures. Strauss-Elite Ltd., the country's second-biggest foodmaker, led the advance.
The Tel Aviv-25 Index climbed 2.62, or 0.3 percent, to 826.04 as 11 stocks on the benchmark rose, 11 fell and three were unchanged. Investors bought and sold about 692 million shekels ($150 million) in shares and convertibles.
Israel's economy expanded for the third straight year, boosted by a 4 percent increase in consumer spending and a 7 percent gain in exports of goods and services, the government's central bureau of statistics said in Jerusalem today. The growth helped boost the TA-25 index by a third in 2005 to a record high.
The following shares also gained or fell in Israel. Stock symbols are in parentheses after company names.
Scitex Corp. (SCIX IT), a maker of digital-imaging equipment, fell 0.37 shekels, or 1.4 percent, to 27.13 shekels.
The company's board approved a proposal to change its name to Scailex Corp., Scitex said in a PR Newswire statement Dec. 30.
Strauss-Elite Ltd. (STEL IT), Israel's second-largest foodmaker, rose 2.61 shekel, or 6.4 percent, to 43.64 shekels, its biggest one-day jump in almost two years.
The company said it completed a merger between its Brazilian unit, Café Tres Coracoes, and Café Santa Clara to create the second-largest coffee maker in Brazil. The merger will help Strauss-Elite's worldwide coffee sales increase to 2 billion shekels in 2006 ($434 million) from 1.2 billion last year, the company said in an e-mailed statement.
Tadiran Communications Ltd. (TDCM IT), Israeli maker of military communications systems, rose 10.30 shekels, or 7.4 percent, to 149.40 shekels, its biggest one-day increase in more than four years.
The company won a $55 million contract from an unidentified Asian customer. The order is for tactical radios that will be used by the country's land forces, the Holon, Israel-based company said in a statement to the Tel Aviv Stock Exchange today.
Elbit Systems Ltd. (ESLT IT), which owns 39 percent of Tadiran, rose 3.30 shekels, or 2.9 percent, to 116.20 shekels.
posted by at 12:59 PM
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