Elco

Elco plans to invest at least 95 million shekels in Electra Real Estate's upcoming rights offering to restore investor confidence amid falling share values.

Electra Real Estate shares plummeted, losing 75% of value in four months to 1.06 billion NIS. Institutional investors like Menora face heavy paper losses amid rising US bond yields and modest fund returns.

Following reports at the end of the week, the controlling shareholder continues to increase its stake, purchasing another 190,000 shares for 7 million shekels. Total investment since the end of the week has reached 15 million shekels.