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PhotoMedex Surges in Tel Aviv After U.S.-Traded Shares Rise

PhotoMedex Inc., a maker of laser and fiber-optic systems to treat dermatological conditions, rose in Tel Aviv following a gain in its U.S.-traded shares and after a unit posted record sales of a device.

The shares advanced 7.4 percent to 54.97 shekels, or the equivalent of $13.90, the highest since May 29, at the close in Tel Aviv. The New York-traded shares closed at $14.01 on July 13.

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