(Updates with closing share price in second paragraph.)
Nov. 1 (Bloomberg) -- Koor Industries Ltd. declined the most in more than seven weeks after Credit Suisse Group AG reported third-quarter earnings that missed analysts’ estimates.
Koor, which as of Aug. 14 owned 26.2 million shares of Switzerland’s second-biggest bank, tumbled 5.7 percent, the most since Sept. 11, to 42 shekels at the 4:30 p.m. close in Tel Aviv. Koor’s controlling shareholder Discount Investment Corp. lost 4.9 percent to 36.67 shekels.
Credit Suisse fell in Zurich trading as third-quarter net income of 683 million Swiss francs ($765 million) missed the 979 million-franc mean estimate of 12 analysts surveyed by Bloomberg.
--Editors: Susan Lerner, Peter Branton
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com