Year-End Stock
Report In Israel

Jerusalem — Nice Systems
achieved a nominal yield of 129.7
percent, making it the best per-
forming stock traded on the Tel
Aviv Stock Exchange in 5755.
The TASE had a mixed year,
with the General Share Index
down 2.65 percent.
The chemical sector achieved
a positive yield of 10.98 percent,
while the oil exploration and in-
surance sectors achieved nega-
tive returns of 73.27 percent and
21.59 percent.
The second best performer
was J.M Eini Metal Industries,
which registered a nominal re-
turn of 118.4 percent, followed
by Nikuv Computers, 110.1.
The worst performing share
was Rabintex Industries, which
suffered a negative nominal yield
of 90.1 percent.
Other poor performers were
Isramco, down 89.2, and La Na-
tionale Insurance, down 85.7
percent.
The following are the ten best
and worse performing stocks in
Israel in 5755:
Nice Systems +129.7 percent;
Eini +118.4; Nikuv Computers
+110.7; Pass-Port +103.5; Span-
crete +91.7; Electra Consumer
+77.8; Urieli +75.2; Techn +74.2;
Miloumor +72.8; Email +72.5.
Rabintex achieved a return of
-90.1; Isramco -89.2; La Na-
tionale -85.7, Givot Olam -85.7;
Yesh Gad -85; Reichert -84; Nav-
igator Investment -83; Oil Fields
-82.4; Abjac Mazal -82.2; Mli
Lasers -81.3.

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Israelis Seek
Merck Business

Jerusalem — Koffolk Vitamins
and Fine Chemicals has opened
a third factory, its second in the
Ramat Hovav industrial park.
A 10-year contract between
Koffolk and pharmaceutical gi-
ant Merck and Co. was the dri-
ving force behind the new plant,
which cost $18 million.
Koffolk is owned by U.S.-based
Philipp Brothers Chemicals,
which is owned by the Bendheim
family.
The company recently signed
a long-term $66 billion contract
with Merck and will become the
sole manufacturer of the animal
health drug amprolium, which
is based on Merck technology.
Koffolk owner Jack Bendheim
hopes to convince Merck to in-
vest in Israel. Prime Minister
Yitzhak Rabin met with Don
Fitzenberg, executive director of
Merck AgVet, and Kerry Mur-
phy, of its technology depart-
ment. Advancement of the peace
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pany's decision.

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