Maof climbs 0.7%

To 1,208.54, biggest gain since April 14 as Tel Aviv Sunday trading closes.

By RONIT GOODMAN
April 26, 2010 09:50
The Jerusalem Post

TA stock exchange 224 88. (photo credit: Bloomberg)

 
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The TA-25 Index advanced 0.7 percent, the biggest gain since April 14, to 1,208.54 at the close in Tel Aviv on Sunday. Investors traded about NIS 1.46 billion in shares and convertible securities.

Bio Light Israeli Life Sciences advanced 10% after its Zetiq Technologies unit signed an agreement with China’s Biomics Biotechnologies to cooperate in conducting clinical tests.

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D-Pharm, a biopharmaceutical company, retreated 1.2% after saying it was weighing the possibility of raising NIS 23 million to fund the development of a treatment for migraines, epilepsy and bipolar disorder.

Delek Group, an energy and real-estate holding company, rose 1.7% after its Delek US Holdings unit was rated new “sector perform” at RBC Capital Markets.

Micromedic Technologies, a biomedical development company, climbed 5.2% after saying it had begun testing its kit for the early diagnosis of colon cancer to receive CE Mark approval to market the product in Europe.

Procognia Israel, a developer of tools for analyzing sugars in proteins, surged 19% after saying the first trial in a joint research project with Seahorse Bioscience Inc. had been successful.

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