
TUNINDEX falls 1.01% as financials weigh despite Delice and stock-specific stories
The TUNINDEX fell 1.01% to 21,040.09 points and the TUNINDEX20 lost 1.03% to 9,291.69 points, dragged down by banks at -1.54% and financial services at -1.21%. Losses also hit distribution at -0.97%, consumer services at -0.97% and basic materials at -0.9%, while food and beverages rose 0.43% to 19,549.2 points. On the corporate front, Delice Holding reported a very slight increase in first-half revenue, according to Tustex. Tustex also said Tunisie Valeurs described SOTUVER as entering a new phase with a new strategic partner, while MAC S.A sees strong potential for Carthage Cement through the energy transition. According to market notes, Tunis Re rose 4.3% on July 21 and Attijari Leasing jumped 6% on July 20 despite a weaker broader market.
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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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