El Al and Dor Al Enter TA-35 Index Amidst War-Driven Revenue Surge
Translated & summarized from NEWSru Israel by baba
El Al Israel Airlines and Dor Al will join the TA-35 index on October 15, replacing Shufersal and Danya Cebus. El Al's market cap is 10.9 billion shekels, and Dor Al's is 11.6 billion. El Al shares are up 16% this year, while Dor Al shares have risen 41% on data center investment expectations. Shufersal shares are down 5.5% and Danya Cebus shares are down 6%.
The story in 6 lines · by baba
- El Al and Dor Al will join the TA-35 index on October 15, replacing Shufersal and Danya Cebus.
- El Al's market capitalization is approximately 10.9 billion shekels, placing it 36th on the exchange.
- Dor Al's market capitalization is around 11.6 billion shekels, ranking it 34th.
- El Al shares have increased by about 16% since the beginning of the year.
- Dor Al shares have seen a 41% rise due to expected growth in electricity demand.
- Shufersal and Danya Cebus shares have declined 5.5% and 6% respectively.
El Al Israel Airlines and energy company Dor Al are set to join the TA-35 index of the Tel Aviv Stock Exchange following the trading session on Thursday, October 15. This date marked the final determination for the upcoming index rebalancing. Supermarket chain Shufersal and construction firm Danya Cebus will be removed from the index. El Al's market capitalization stood at approximately 10.9 billion shekels, while Dor Al's was around 11.6 billion shekels at the close of trading. These figures place them at 36th and 34th positions respectively on the exchange. Shufersal's market cap is about 9.5 billion shekels (42nd place), and Danya Cebus's is approximately 8.3 billion shekels (48th place). Companies are excluded from the TA-35 if their market capitalization falls below the 40th position, though other factors like trading volume and free float are also considered. El Al's shares have risen about 16% since the start of the year, with recent gains attributed to a security incident on a flydubai flight. Dor Al's stock has surged 41% on expectations of increased electricity demand driven by significant data center investments, particularly in the United States. In contrast, Shufersal's shares have declined 5.5% year-to-date, and Danya Cebus's stock has fallen 6% due to a slowdown in apartment sales.
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