Israel’s benchmark stock index tumbled
the most since March, led by Perrigo Co. (PRGO), as Prime Minister
Benjamin Netanyahu said an agreement between Hamas and Fatah
should concern the world.
Perrigo, the maker of over-the-counter drugs, dropped the
most since Nov. 30 and Gazit-Globe Ltd. (GLOB), a multinational real-
estate investment company, tumbled to the lowest in almost a
month. The Tel Aviv 25 Index (TA-25) of the country’s 25 biggest
companies lost 1.7 percent, the most since March 15, to 1,292.55
at 1:48 p.m. in Tel Aviv, bringing the four-day drop to 3.7
percent.
Hamas, an Islamist group that rules the Gaza Strip, and
Fatah, which holds sway in the West Bank, signed a preliminary
agreement on April 28 to end their almost four-year divide, form
a unity government and hold elections. The U.S., the European
Union and Israel<... >>>
