Gilat Surges Most in Three Months, Closes Gap With U.S. Shares

Gilat Satellite Networks Ltd. (GILT) advanced the most in three months, closing the gap with its the U.S. traded shares.

The shares of the developer of satellite-networking technology rose 5.7 percent to 15.17 shekels, or the equivalent of $3.99, the most since Dec. 4 in intraday trade at 3:49 p.m. in Tel Aviv. The company’s U.S.-traded shares rose 0.3 percent to $3.93 on March 2.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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