
TUNINDEX rises 1.38% despite weaker 2025 profit at Unimed and Carthage Cement
The TUNINDEX closed at 17,197.16, up 1.38%, while the TUNINDEX20 gained 1.37% to 7,591.5 on May 22. Gains were led by banks, with the sector index up 1.62% at 12,477.99, and basic materials, up 2.53% at 8,224.75, while the Building and Construction Materials index rose 1.32% to 811.63, according to market data and a May 22 analyst note. On earnings, Unimed reported revenue of 148.9 million dinars, but profit remained under pressure, according to La Presse de Tunisie. Carthage Cement also posted a lower 2025 profit of 40.1 million dinars, La Presse de Tunisie reported.
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TUNINDEX rises 0.34%, led by financials despite Carthage Cement drag
The TUNINDEX rose 0.34% to 18,627.16 points and the TUNINDEX20 added 0.32% to 8,150.61 points, supported by financial stocks, according to market data. Banks gained 0.53% to 14,023.41 points, insurers rose 0.83% to 29,934.02 points and financial services added 0.28% to 29,002.83 points, while ASTREE jumped 4.5%, according to an Oct. 13 market note. Construction weighed on trade, with the Building and Construction Materials index down 2.53% at 801.87 points, as Carthage Cement reported first-half profit of 25.1 million dinars, down 10%, according to Tustex, amid a dispute involving tens of millions of dinars with Lazhar Sta, Business News reported. On earnings, SOTUVER posted first-half profit of 7.9 million dinars helped by insurance compensation while operating profitability eroded, according to Tustex and African Manager, and Delice Holding won approval for a 60.4 million dinar dividend, according to L'Économiste Maghrébin.
Tunis Stock Exchange — ASTREE Jumps 4.5% as TUNINDEX Adds 0.34%
ASTREE posted one of the day’s strongest gains on the Tunis Stock Exchange, rising 4.5% to 83.61 TND as financials supported the market. The TUNINDEX climbed 0.34% to 18,627.16 points despite oil pressure and a weaker dinar.