Bloomberg News

Queenco Rises to Highest in Two Months on Investment Talks

May 01, 2012

Queenco Ltd. (QNCO) closed at the highest level in almost two months after the investor in real estate projects said it’s in talks to secure an investment.

The shares of the Ramat Gan, Israel-based company advanced 6.1 percent to 1.626 shekels, the highest level since March 11, at the 4:30 p.m. close in Tel Aviv, giving the company a market value of 129 million shekels ($34 million).

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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