Delek Gains to Record as Gas Boosts Confidence: Tel Aviv Mover
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Delek Group Ltd. advanced to its highest close on record on investor bets the company with stakes in Israel’s two largest gas reservoirs will benefit from the start of gas flow at the Tamar field.
The shares of Netanya, Israel-based Delek Group rose 2.1 percent to 1,043 shekels, the highest since Bloomberg began tracking the shares, at the close in Tel Aviv. The stock, up 41 percent in the past 12 months, has risen 20 percent this quarter, and is headed for an eighth month of gains. The benchmark TA-25 Index decreased 0.3 percent, trimming this quarter’s advance to 4.9 percent.