
TUNINDEX slips 0.14% as SOTUVER posts 31% 9-month revenue growth
The TUNINDEX fell 0.14% to 18,384.58 points on Oct. 26, while the TUNINDEX20 lost 0.16% to 8,051.88 points and the insurance index posted the steepest sector drop, down 1.29% at 28,814.28. In contrast, the consumer services index rose 0.52% to 7,019.29, matching a 0.52% gain in the distribution index at 11,058.87, while SOTEMAIL jumped 4.2% despite the broader market decline, according to a Tunis Stock Exchange report dated Oct. 26. On the corporate front, SOTUVER reported 31% revenue growth at Sept. 30, Tustex said, while Délice Holding slightly increased revenue over the same period, also according to Tustex. The picture remained mixed, with Carthage Cement reporting a 3% decline in revenue at end-September, according to Tustex, and Unimed posting first-half net profit of 8.82 million dinars, down 15.2%, according to L'Economiste Maghrébin.
Related stories
Tunis Stock Exchange — SOTEMAIL Jumps 4.2% Even as TUNINDEX Slips 0.14%
SOTEMAIL posted the day’s top gain at 2.00 TND in a mixed Tunis market where the TUNINDEX fell 0.14%. Sector rotation favored materials and retail, while insurance stocks dropped 1.29%.
SOTUVER lifts foreign flows, but basic materials slide 3.12%
The TUNINDEX fell 0.26% to 18,517.87 points and the TUNINDEX20 lost 0.23% to 8,110.66 points, while the Basic Materials index dropped 3.12% to 7,978.57 points, according to market data. SOTUVER remained central to the story: its revenue rose 31% at September 30, according to Tustex, after first-half foreign flows jumped to TND 218 million, driven by BA Glass-SOTUVER, also according to Tustex. African Manager reported that an insurance indemnity supported SOTUVER's earnings while operating profitability eroded, extending a more mixed narrative than top-line growth alone. The segment had already shown strain, with SOTUVER listed among sharp decliners on September 23 by webmanagercenter, even as the Building and Construction Materials index rose 1.44% to 814.53 points.
Tunis Stock Exchange — Euro-Cycles Jumps 4.7% Even as Basic Materials Slump 3.12%
Euro-Cycles rose 4.7% to 10.47 TND on Thursday, defying a 3.12% drop in Tunisia’s basic materials index. The divergence highlights increasingly selective trading in Tunis amid Q3 earnings, a weaker dinar and Brent crude at $111.27 a barrel.