TUNINDEX gains 0.62% despite company suspensions
The TUNINDEX closed at 15,528.1 points, up 0.62% as of March 19 data. The suspension of Poulina Group and LAND'OR by the CMF, reported by MSN, highlights regulatory activity. Meanwhile, the CMF is reviewing a bid to acquire 41.28% of SOTUVER's capital, leading to its trading suspension, according to La Presse de Tunisie and Webmanagercenter. These suspensions occur amid market momentum, with ASSURANCES MAGHREBIA having driven the index upward the previous day.
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Tunisia’s TUNINDEX fell 0.36% to 18,638.99 on Oct. 16, while the TUNINDEX20 lost 0.39% to 8,165.56, with banks down 0.51% and insurers off 1.02%. Basic materials cushioned the decline with a 0.51% rise to 8,314.24, while the building and construction materials index added 0.24% to 808.83, according to market data. The CMF on Oct. 16 issued a practical guide on anti-money laundering, counter-terrorism financing and arms proliferation compliance requirements, according to the regulator. In stocks, foreign flows jumped to 218 million dinars in the first half, driven by BA Glass-SOTUVER, according to Tustex, while SOTUVER’s earnings were supported by an insurance indemnity as operating profitability eroded, according to African Manager; UNIMED is seeking 2 independent directors, according to Tustex, and Delice Holding secured approval for a 60.4 million dinar dividend, L'Économiste Maghrébin reported.