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Nitsba Jumps Most in Nine Months as Board Approves Buyback

March 17 (Bloomberg) -- Nitsba Holdings 1995 Ltd. 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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