Clal Industries Rises to 3-Week High on Access Sale Completion

Clal Industries and Investments Ltd. advanced to the highest in almost three weeks after IDB Development Corp. said it completed the sale of a stake in the investment company to Access Industries Holdings Inc.

The shares of Tel Aviv-based Clal increased 4.2 percent to 12.57 shekels, the highest on a closing basis since June 18, at 2:56 p.m. in Tel Aviv. IDB Holding Corp. (IDBH), which has an 86.83 percent stake in IDB Development according to data compiled by Bloomberg, gained 3.1 percent to 13.40 shekels.

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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