Tel Aviv shares fell Wednesday, weighed down by Teva Pharmaceuticals and insurance stocks. The TA-35 and TA-125 indexes both declined about 0.8% by the close to 1,448.41 and 1,318.22 points, respectively, on turnover of 1.2 billion shekels ($340 million). Volume leader Teva dropped 2.1% to 51.70 shekels while insurers' losses were paced by declines of 3.9% to 3.85 by Harel and 3.2% to 24.49 by Migdal. Bank Leumi ended down 1.2% at 19.58. Oil Refineries fell 1% to 1.71 after Leumi Capital Markets lowered its rating on the stock to Market Perform. Bezeq gained 0.4% to end at 5.31 after reporting it was considering a 550-million-shekel offer to buy a facility near the Mesubim junction. Inrom fell 3.8% to 16.04 after the FIMI private equity fund sold two-thirds of its stake in the company at 16.10 a share to institutions for a combined 405 million shekels. Ham-Let was the bigggest loser in the TA-125, sliding 5% to end at 69.89. (Shelly Appelberg)