Bloomberg News

Kardan Real Estate Rises Most in Five Months on Unit Contract

March 01, 2012

Kardan Real Estate Enterprise & Development Ltd. (KARE) rose the most in more than five months after the company said a unit got a construction contract valued at around 100 million shekels ($26 million).

Shares in the real estate developer surged 12.6 percent, the most since Sept. 15, to 0.903 shekel at 3:38 p.m. in Tel Aviv.

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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