The Tel Aviv Inventory Change (TASE) Index Committee has printed the plan for bringing US cybersecurity large Palto Alto Networks (Nasdaq: PANW; TASE: CYBR) onto the flagship Tel Aviv 35 Index on August 6. Palo Alto Networks, which started buying and selling on the TASE in late February following the acquisition of CyberArk, was listed only one week after the then deadline for the becoming a member of the Tel Aviv 35 Index. Because the twin itemizing, it has already jumped by about 127% (in shekel phrases), a soar that native indices haven’t benefitted from up to now.
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Palo Alto Networks, a worldwide information safety firm based in 2005 by Israeli entrepreneur Nir Zuk, is by far the most important firm on the TASE with a market cap of greater than NIS 800 billion. This big determine constitutes nearly 25% of the worth of the complete native inventory market, and greater than the mixed worth of Teva, Elbit and the most important banks.
Given its dimension, Palo Alto Networks was imagined to obtain the utmost potential weight for a single share within the index (7%). Nevertheless, TASE’s rules restrict the combination weight of all shares with ties to a overseas nation (the US on this case) to solely 8% of the index.
To resolve the deadlock and permit its entry with out exceeding the edge, the index committee determined that Palo Alto might be restricted to a weight ceiling of solely 5% within the Tel Aviv-35 index. Ormat Applied sciences’ inventory, which can be an organization with US ties, will endure a “lower” in its weight ceiling, which can drop from 4% to three%.
On the similar time, the committee reformed and tightened the standards for outlining a “high-investment index” (an index that operates a graduated entry mechanism for brand spanking new shares to stop extreme market volatility).
The record has been dramatically lower from 12 indices to simply three, which handle trackable property of not less than NIS 10 billion: the TA-35, TA-90 and TA-125 indices. These structural adjustments are anticipated to result in notably lively buying and selling volumes and big capital actions from comparable funds and ETFs through the first buying and selling week of August.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 2, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
