Israeli stocks lower; shekel strengthens By: MarketWatch May 21, 2009 at 09:21 AM EDT TEL AVIV (MarketWatch) -- Israeli stocks declined on Thursday, as investors sold off Teva Pharmaceutical, defense contractor Elbit Systems and the banks. Read More >> Related Stocks: Bank Hapoalim B.M. Cellcom Israel Ceragon Networks Ltd Elbit Systems Ltd Formula Sys [1985] ADR Gilat Satellite Ntwk Mizrahi Tefahot Bank Ltd Nice Ltd ADR