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Allot Communications Ltd. (ALLT) soared the most since the shares started trading in Tel Aviv after the U.S.-listed stock rose 22 percent last week on speculation profit of technology companies will improve on demand for smartphones.
The stock of Israel’s biggest maker of high-speed networking equipment climbed 13 percent, the most since the December listing, to 46.92 shekels, or the equivalent of $12.83 at the 2:45 p.m. close in Tel Aviv. The U.S. shares closed at $12.93 on Oct. 14. Israel’s market was shut for a holiday since the end of trading on Oct. 11.
Regards,
Don
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