Ampal-American Climbs to Six-Week High on Agreement With Egypt
Ampal-American gained as much as 0.90 shekel, or 9.1 percent to 10.74 shekels at 12:09 p.m.
Ampal-American’s 12.5 percent-owned East Mediterranean Gas Co. and the Egyptian authorities amended an agreement under which the country sells gas to EMG, the company said in a statement to the Tel Aviv Stock Exchange today. The amendments include price increases and new delivery targets, it said.
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