Ituran Drops Most in Two Weeks After U.S. Shares Fell

(Corrects size of drop from headline to reflect company paid it’s dividend today.)

Ituran Location and Control Ltd. (ITRN) tumbled the most since March 6 in Tel Aviv after the U.S. shares of the maker of systems for locating stolen vehicles retreated yesterday.

The stock lost 2.8 percent to 51.19 shekels, or the equivalent of $13.65, at 2:29 p.m. in Tel Aviv. The U.S. shares lost 3 percent to $13.86.

To contact the reporter on this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net

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

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