The 21-year-old Ezz al-Din Tamimi was shot at close range Wednesday during an early morning raid. Military officials are expecting a large turnout at Friday's demonstration, raising the likelihood of bloodshed.
The Hamas-led demonstrations have been fueled by despair over a decade-old Israel-Egyptian blockade, imposed after the Islamic militant group seized control of the territory.
Demonstrators have also called for the "right of return" to lost ancestral homes in what is now Israel. The protest has been touted as a fresh attempt to breach the border fence en masse, drawing fears of a melee similar to that seen on May 14, when Palestinians burned tires, threw firebombs, tried to cut through the fence and shot at troops.
The kites, laden with burning rags or small explosives, have been especially hard to stop.
Israel's killing of unarmed Palestinians in the West Bank and Gaza has earned it severe criticism in recent months.
British Foreign Secretary Boris Johnson called on Israel Wednesday "to carry out a transparent, independent inquiry" into the circumstances leading to the deaths of about 120 Palestinians and injuries to thousands of others.
Israel's Public Security Minister Gilad Erdan recommended targeted assassinations against the kite-flyers and the Hamas commanders overseeing them.
The Israeli military had no reaction to Erdan's comments. Some 200 have floated across the border, torching over 2,000 acres (809.40 hectares) of farmland. No injuries were reported.
Israeli occupation forces have also arrested 48 Palestinians from Nablus, 15 from Tulkarm, 32 from Qalqilya and five from Tubas.
It said a resident of a Palestinian refugee camp in east Jerusalem was among those in custody for his involvement in the plot, orchestrated from Syria, to harm Netanyahu and Jerusalem Mayor Nir Barkat. It said that the plan involved sneaking in an operative from Jordan and that "significant terrorist activity" was foiled.
Barkat said he was kept in the loop throughout the investigation and had not changed his routine at all.