
TUNINDEX jumps 2.30% as banks rally 3.44%
Tunisia's TUNINDEX rose 2.30% to 21,241.45 on July 16, while the TUNINDEX20 gained 2.33% to 9,411.41, according to market data. The rally was driven by financials, with the banks index up 3.44% at 16,386.21, the financial companies index rising 3.29% to 17,564.15 and the financial services index adding 2.93% to 31,412.65, according to the Tunis Stock Exchange report on ATL's Q2 2026 release. Materials also supported the market, with the basic materials index up 1.87% to 9,642.58 and the building and construction materials index gaining 1.53% to 930.19, while MAC S.A sees strong potential for Carthage Cement from the energy transition, according to Tustex. On the corporate side, SOTUVER reported 2025 revenue of more than 260 million dinars and profit growth of 10.3%, according to webmanagercenter, while shareholders approved a 250-millime dividend, La Presse de Tunisie reported, and TELNET HOLDING will pay 0.350 dinar per share, according to L'Economiste Maghrébin.
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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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