TUNINDEX drops 1.87% as UNIMED and Carthage Cement weigh on sentiment
The TUNINDEX closed down 1.87% at 16,962.81 points on May 21, while the TUNINDEX20 fell 1.89% to 7,488.74 points. The selloff hit financials, with the banking index down 2.41% at 12,278.59 points and the financial services index off 1.39% at 23,990.68 points. Domestic-demand sectors also weakened, as the distribution index lost 2.14% to 10,697.65 points and the food and beverages index fell 1.58% to 17,914.25 points, while the basic materials index posted the steepest sector drop at 3.03% to 8,021.43 points. On earnings, UNIMED reported 148.9 million dinars in revenue and 16.8 million dinars in 2025 profit, but earnings remained under pressure according to La Presse de Tunisie and Tustex, while Carthage Cement's 2025 profit fell to 40.1 million dinars, La Presse de Tunisie reported.
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