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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.)

March 20 (Bloomberg) -- Ituran Location and Control Ltd. 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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