Nitsba Jumps Most in Nine Months as Board Approves Buyback

Nitsba Holdings 1995 Ltd. (NTBA) increased the most in more than nine months after the board of the Israeli developer of commercial real estate approved a plan to buy back as much as 100 million shekels ($28 million) in shares.

The shares rose 6.8 percent, the most since June 2010, to 35.60 shekels at the 4:30 p.m. close in Tel Aviv.

To contact the reporter on this story: Ronit Goodman in Tel Aviv at rgoodman9@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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