TUNINDEX slips 0.05% as Poulina and Telnet offset Carthage Cement weakness
Tunisia's TUNINDEX fell 0.05% to 19,044.9 points on Sept. 17, while the TUNINDEX20 edged up 0.03% to 8,323.13. The weakness was concentrated in distribution and consumer services, both down 0.88%, while the building and construction materials index lost 0.28% and banks slipped 0.03%. On the corporate front, Carthage Cement reported first-half profit of 25.1 million dinars, down 10%, according to Tustex. By contrast, Poulina Group Holding posted a 29.4% jump in first-half net profit, challenges.tn reported, while Telnet Holding's cash position rose 17% alongside higher earnings, according to Leconomiste Maghrebin.
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TUNINDEX slips 0.34%, Sotuver lifted by 7.9 mln dinars in insurance payouts
Tunisia’s TUNINDEX fell 0.34% to 18,604.24 on Oct. 9, while the TUNINDEX20 lost 0.43% to 8,139.41, with banks down 0.7% at 13,963.72. The decline was partly offset by distribution, up 1.91% to 11,308.14, and consumer services, also up 1.91% to 7,177.51, according to the Tunis Stock Exchange. On earnings, Sotuver reported first-half profit of 7.9 million dinars, supported by insurance compensation, while its operating profitability eroded, according to Tustex and African Manager. Household and personal care products rose 1.06% to 3,254.6, while food and beverages slipped 0.29% to 18,425.65.
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Sotuver: Insurance Compensation Saves Results, Operating Profit Erodes
Sotuver: Insurance compensation saves results, operating profit erodes.