Bloomberg News

Space Communication Soars to Highest Since May on Launch

December 12, 2011

(Updates with closing price in second paragraph.)

Dec. 11 (Bloomberg) -- Space Communication Ltd. surged to the highest since May after the marketer of satellite communication services said the Amos 5 satellite was launched from a site in Kazakhstan.

The shares rose 5.2 percent at 4:30 p.m. in Tel Aviv to close at 65 shekels, the highest since May 18.

Global market map: MMAP <GO> Most active stocks: MOST <GO> Global stocks stories: TOP STK <GO> Most read stock market stories: MNI STK <GO> Israel Daybook: NI ISRAELDAY <GO> Top Israel stories: TOP ISRAEL <GO>

--Editors: Shanthy Nambiar, Andrew Barden, Louis Meixler.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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