
Tunindex rises 0.35% as SOTETEL jumps 6% in Tunis
Tunindex rose 0.35% to 19,921.82 points on July 8, while Tunindex20 added 0.23% to 8,814.27, according to the July 8 market report. The gain was driven by a 6% jump in SOTETEL despite a “dollar shock”, according to the same report, as financial services rose 0.44%, banks gained 0.46% and insurers advanced 0.6%. Industrials fell 0.64% and the building and construction materials index slipped 0.33%, even as Carthage Cement confirmed a dividend of 0.065 dinar per share payable from Aug. 12 and said it is targeting a 55 million dinar profit in 2026, according to Tustex and L'Économiste Maghrébin. On the corporate side, SOTUVER reported 2025 group net profit of 46 million dinars, up 10% according to Tustex, after Business News reported a 78% profit jump and a proposed 0.25 dinar dividend, while Poulina Group Holding is in the final audit phase for a possible Land'Or acquisition, according to Entreprises Magazine.
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The TUNINDEX rose 0.42% to 18,705.42 points and the TUNINDEX20 added 0.58% to 8,197.89 points, with consumer goods up 0.69% and household and personal care products leading gains at 1.77%. Banks climbed 0.49% and financial services gained 0.29%, while distribution fell 0.53% and consumer services lost 0.53%, according to Oct. 14 market data. Foreign flows jumped to 218 million dinars in the first half, driven by BA Glass-SOTUVER, according to Tustex, while SOTUVER’s earnings were supported by an insurance indemnity even as operating profitability eroded, African Manager reported. On the corporate side, Carthage Cement posted first-half profit of 25.1 million dinars, down 10%, according to Tustex, while Delice Holding secured approval for a 60.4 million dinar dividend, L'Économiste Maghrébin reported, and UNIMED is seeking 2 independent directors, according to Tustex.
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