Clal Industries Gains Most in Month on Stake Sale to Access

July 8 (Bloomberg) -- Clal Industries and Investments Ltd. advanced the most in more than a month after IDB Development Corp. said it completed the sale of a stake in the investment company to Access Industries Holdings Inc.

The shares increased 3.9 percent, the most since June 7, to 12.53 shekels at the 4:30 p.m. close in Tel Aviv. IDB Holding Corp., which has an 87 percent stake in IDB Development according to data compiled by Bloomberg, gained 5.2 percent to 13.67 shekels.

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