Delek Buys Back Shares as Energy Sector Calms After Egyptian Gas Find

Move seen as signaling that the stock market reacted too harshly to news of a major Egyptian gas discovery.

Avi Bar-Eli
Eran Azran
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Israeli gas platforms, controlled by U.S.-Israeli energy group Noble and Delek, are seen in the Mediterranean sea, some 15 miles (24 km) west of Israel's port city of Ashdod.Credit: Reuters/Amir Cohen