TUNINDEX rises 0.77%, led by banks despite profit pressure in key names
The TUNINDEX rose 0.77% to 17,516.59 points on May 18, while the TUNINDEX20 added 0.81% to 7,769.16, supported by banks at +1.47% and insurers at +1.01%. Basic materials climbed 1.54% to 8,569.51 despite a 0.98% drop in the industrials index to 2,436.87, extending a 0.93% TUNINDEX gain on May 15 and a 24.21% sector advance in 2026, according to Tunis bourse analysts. On earnings, Carthage Cement reported a lower 2025 profit of 40.1 million dinars, according to La Presse de Tunisie, while UNIMED posted 148.9 million dinars in revenue and 16.8 million dinars in profit with earnings under pressure, according to La Presse de Tunisie and Tustex. In trading flows, Délice Holding saw 2 block trades worth 2.4 million dinars and SOTUVER recorded 2 block trades worth 2.5 million dinars, according to Tustex, while Attijari Bank Tunisie will distribute 210 million dinars to shareholders, Le Nouvelliste Maroc reported.
Related stories
Le CMF poursuit ses actions d’éducation financière avec la publication de nouvelles fiches pédagogiques pour mieux comprendre les marchés financiers et leurs mécanismes
TUNINDEX falls 1.35%, banks drop 1.75% despite ICF jumping 5.8%
The TUNINDEX fell 1.35% to 17,285.34 points on May 20, while the TUNINDEX20 lost 1.58% to 7,633.23 points, with banks down 1.75% and financial companies off 1.53%. Basic materials dropped 2.98% to 8,272.26 points after rising 1.54% on May 18, according to an analyst market report, marking a sharp sector reversal in 2 sessions. ICF jumped 5.8% despite the broader decline, according to a May 20 analyst report, while distribution edged up 0.08% and insurers gained 0.74%. On earnings, UNIMED reported 148.9 million dinars in revenue and a 16.8 million dinar profit in 2025, with earnings under pressure according to La Presse de Tunisie and Tustex, while Carthage Cement's profit fell to 40.1 million dinars in 2025, according to La Presse de Tunisie.
Tunis Stock Exchange — ICF Jumps 5.8% Even as TUNINDEX Falls 1.35%
ICF posted the Tunis market’s top gain, rising 5.8% to 87.89 TND while the TUNINDEX fell 1.35%. The move stood out even more as the Basic Materials index dropped 2.98%, highlighting highly selective buying in Tunisia’s stock market.