Ampal Surges Most in Two Months as Egypt Gas Supply Restored

Feb. 28 (Bloomberg) -- Ampal-American Israel Corp., which owns a stake in a company that exports natural gas from Egypt to Israel, rallied the most in almost two months after gas supply from the North African country was restored.

Shares of Ampal, which owns 12.5 percent of East Mediterranean Gas Co., gained 8.1 percent, the most since Jan. 8, to 1.1220 shekels at the 4:30 p.m. close in Tel Aviv.

Gas supply from Egypt to Israel was halted on Feb. 5 after an explosion overnight at the Sinai pipeline grid, Ampal said.

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