Oct. 17 (Bloomberg) --Ampal-American Israel Corp. surged 15 percent to 1.458 shekels at 11:02 a.m. in Tel Aviv, the biggest increase since March 13.

The stock has slumped 83 percent this year, giving the New York City-based company a market value of 82 million shekels ($23 million).

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net