Discount Investment Rises to Week-High After Ham-Let Report
The shares advanced 2.8 percent to 8.474 shekels, the highest level since May 29, at the 4:30 p.m. close in Tel Aviv. Ham-Let, an Israeli maker of industrial-plumbing supplies, rallied 6.9 percent, the most since Oct. 5, to 29.82 shekels.
Discount Investment is seeking buyers for its 60.1 percent stake in Ham-Let, daily Globes reported late yesterday, without saying how it obtained the information.
Discount receives purchasing offers for Ham-Let from time to time, a spokeswoman, who declined to be identified citing company policy, said in a response sent by text message.
Israeli businessman Nochi Dankner holds a stake in Discount Investment via his holdings in IDB Holding Corp. (IDBH) IDB Holding advanced 0.8 percent to 14.80 shekels.
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