TUNINDEX drops 3.47% as banks slide 4.75%
The TUNINDEX fell 3.47% to 19,739.81 points on July 28, while the TUNINDEX20 lost 3.69% to 8,684.95 and the banking index dropped 4.75% to 14,811.36. Financials led the selloff, with the sector index down 4.4% to 16,051.91, while basic materials limited losses to 2.17% at 9,037.46. On stocks, Office Plast rose 1.8% despite the broader decline after its planned capital increase, according to an analyst note published on July 28, while Cellcom had gained 4% on July 27 even as the TUNINDEX was down 1.90%. On earnings, Carthage Cement reported a 6% revenue decline at end-June, but a recovery started in the second quarter with cumulative local revenue stable at TND 128 million, according to Tustex, African Manager and Leconomiste Maghrebin; SOTUVER, for its part, was boosted in the first half by demand for olive oil packaging, Tustex reported.
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TUNINDEX drops 1.9% as banks and insurers lead the slide
The TUNINDEX fell 1.9% to 20,450.39 points and the TUNINDEX20 lost 1.97% to 9,018.07, with banks down 2.49% and insurers off 2.88%. The selloff also hit materials, with the Building and Construction Materials index down 1.69% at 886.92 and the Basic Materials index off 1.09% at 9,238.03, after a week when financials had resisted a materials-led pullback, according to a July 24 analyst report. Among stocks, Carthage Cement reported a 6% drop in revenue at end-June, while a recovery is starting in the second quarter with cumulative local revenue stable at TND 128 million, according to Tustex, African Manager and Leconomiste Maghrebin. SOTUVER was boosted by first-half demand for olive-oil packaging and also announced a new strategic partner, according to Tustex, while Délice Holding posted a very slight rise in first-half revenue and One Tech Holding released its second-quarter activity indicators, according to Tustex and Business News.
Tunis Stock Exchange — Cellcom Jumps 4% Even as TUNINDEX Slides 1.90%
Cellcom posted the day’s top gain, rising 4.0% to 2.08 TND, defying a sharply weaker Tunisian market. The TUNINDEX fell 1.90%, dragged by banks and financials as dinar pressure persisted despite a drop in Brent crude.
Tunis Stock Exchange — TUNINDEX Falls 0.50% for July 20-24 Week as Financials Beat Materials
The TUNINDEX slipped 0.50% in the week of July 20-24, 2026, hit by materials and consumer names while financial services rose 0.45%. Q2 updates from STB, PGH and SFBT underscored a more selective market as high oil prices and a weaker dinar shaped sentiment.