Koor Industries (TASE: KOR) continues to buy Credit Suisse shares. Two weeks ago the company announced it had sold two thirds of its Credit Suisse shares, making a handsome profit of NIS 208 million, but it said today that it would be buying shares again. In recent days, Koor purchased 0.7% of Credit Suisse, taking its total holding to 1.02% for an investment of NIS 1.63 billion. These shares are now worth NIS 1.68 billion, so Koor still has a NIS 40 million profit on paper. But...
KOOR's recent moves have not gone down well on the Tel Aviv Stock Exchange (TASE) and proof of this could be seen today in Koor's share, which slumped 10% on heavy volume in afternoon trading.
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