Cellcom Israel Ltd. (CEL), Israel’s largest mobile-phone company, headed for the lowest close on record in Tel Aviv, narrowing the gap with the U.S. traded shares.
The shares retreated 1.1 percent to 50.74 shekels, or the equivalent of $13.42, at 11:34 a.m. in Tel Aviv, poised for the lowest close since they were listed in July 2007. The New York- traded stock fell 1 percent to $13.35 yesterday.
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