
TUNINDEX slips 0.12% as Carthage Cement falls despite 25.1 mln dinar H1 profit
The TUNINDEX fell 0.12% to 19,021.62 points and the TUNINDEX20 lost 0.14% to 8,311.31 points, according to Sept. 18 market data. Trading stayed mixed with 29 decliners over the week, while Best Lease jumped 4.3% and SIAME rose 5.9% despite pressure on the construction segment, according to analyst notes dated Sept. 18 and Sept. 17. Carthage Cement reported first-half profit of 25.1 million dinars, down 10%, while Business News said a shareholder current account and outstanding dues between Lazhar Sta and the company ran into tens of millions of dinars. Corporate updates also showed Poulina Group Holding's first-half net profit jumping 29.4% and Telnet Holding's cash position rising 17%, according to challenges.tn and L'Économiste Maghrébin.
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TUNINDEX rises 0.34%, led by financials despite Carthage Cement drag
The TUNINDEX rose 0.34% to 18,627.16 points and the TUNINDEX20 added 0.32% to 8,150.61 points, supported by financial stocks, according to market data. Banks gained 0.53% to 14,023.41 points, insurers rose 0.83% to 29,934.02 points and financial services added 0.28% to 29,002.83 points, while ASTREE jumped 4.5%, according to an Oct. 13 market note. Construction weighed on trade, with the Building and Construction Materials index down 2.53% at 801.87 points, as Carthage Cement reported first-half profit of 25.1 million dinars, down 10%, according to Tustex, amid a dispute involving tens of millions of dinars with Lazhar Sta, Business News reported. On earnings, SOTUVER posted first-half profit of 7.9 million dinars helped by insurance compensation while operating profitability eroded, according to Tustex and African Manager, and Delice Holding won approval for a 60.4 million dinar dividend, according to L'Économiste Maghrébin.
Tunis Stock Exchange — ASTREE Jumps 4.5% as TUNINDEX Adds 0.34%
ASTREE posted one of the day’s strongest gains on the Tunis Stock Exchange, rising 4.5% to 83.61 TND as financials supported the market. The TUNINDEX climbed 0.34% to 18,627.16 points despite oil pressure and a weaker dinar.