El Al and Doral to Join Tel Aviv Stock Exchange's TA-35 Index
Translated & summarized from Globes by baba
El Al Israel Airlines and Doral, a renewable energy firm, will be added to the Tel Aviv Stock Exchange's TA-35 index in November. This inclusion marks a historic first for both companies. Three existing stocks will be removed to accommodate the two new additions. The index currently has 36 stocks following a recent addition.
The story in 5 lines · by baba
- El Al and Doral will join the TA-35 index in November.
- This is the first time both companies will be included in the index.
- Three current stocks will be removed from the index.
- The index currently has 36 stocks.
- The change is part of a semi-annual rebalancing.
El Al Israel Airlines and renewable energy company Doral have secured their first-ever positions in the Tel Aviv Stock Exchange's flagship TA-35 index. Both companies were favored to be included and will be added during the semi-annual index rebalancing, effective November. The current index composition included 36 stocks due to the rapid addition of cyber giant Palo Alto Networks in August. In line with index rules, three stocks will be removed to make way for the two new entrants, Doral and El Al. This marks a significant achievement for both companies, reflecting their growing prominence in their respective sectors.
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