TUNINDEX falls 0.77% as Carthage Cement weighs on industry
The TUNINDEX fell 0.77% to 18,874.5 points on September 21, while the TUNINDEX20 lost 0.79% to 8,245.54 points, with industrial segments leading the decline. The Industries index dropped 0.81% to 2,283.24 points, the Building and Construction Materials index slipped 0.22% to 824.95 points, and the Food and Beverage index fell 1.18% to 19,045.2 points. Carthage Cement reported first-half profit of 25.1 million dinars, down 10%, according to Tustex, while Business News said the company and Lazhar Sta were tied to dues and a shareholder current account worth tens of millions of dinars. Against the trend, the Distribution index rose 0.35% to 11,272.24 points, and Delice Holding won shareholder approval for a 60.4 million dinar dividend, according to L'Economiste Maghrebin.
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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.