Elbit Imaging Soars to Month-High as Globes Reports Buy Interest
Elbit Imaging Ltd. (EMIT) was poised to close at the highest in almost a month after Globes reported two foreign real-estate funds have expressed interest in buying a stake in the company.
The shares of the real-estate and medical holdings company soared 10 percent to 12.38 shekels at 3:20 p.m. in Tel Aviv, headed for the highest close since Nov. 9.
The report is lifting the shares, said Zach Herzog, an equity trader at Psagot Securities Ltd. in Tel Aviv.
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