TUNINDEX slips 0.2% in March as SOTUVER drives headlines
The TUNINDEX fell 0.2% to 15,364.76 on March 31, while the TUNINDEX20 edged down 0.04% to 6,814.86. SOTUVER dominated March trading: the stock was suspended on March 12 after a request to acquire a majority block, resumed trading on March 25, and then saw 2.2 million dinars in block trades on March 27, according to Webmanagercenter, Business News, L’Économiste Maghrébin and Tustex. Reports from March 12-13 said a Portuguese bidder and a Dutch buyer were being discussed, while African Manager cited several contenders, without confirmation that a deal was completed. Outside SOTUVER, the CMF requested the suspension of Poulina Group and LAND’OR on March 18, MSN reported, while Attijari Bank Tunisie published its 2025 annual results on March 6, according to Zonebourse Suisse.
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TUNINDEX falls 1.35%, banks drop 1.75% despite ICF jumping 5.8%
The TUNINDEX fell 1.35% to 17,285.34 points on May 20, while the TUNINDEX20 lost 1.58% to 7,633.23 points, with banks down 1.75% and financial companies off 1.53%. Basic materials dropped 2.98% to 8,272.26 points after rising 1.54% on May 18, according to an analyst market report, marking a sharp sector reversal in 2 sessions. ICF jumped 5.8% despite the broader decline, according to a May 20 analyst report, while distribution edged up 0.08% and insurers gained 0.74%. On earnings, UNIMED reported 148.9 million dinars in revenue and a 16.8 million dinar profit in 2025, with earnings under pressure according to La Presse de Tunisie and Tustex, while Carthage Cement's profit fell to 40.1 million dinars in 2025, according to La Presse de Tunisie.
Tunis Stock Exchange — ICF Jumps 5.8% Even as TUNINDEX Falls 1.35%
ICF posted the Tunis market’s top gain, rising 5.8% to 87.89 TND while the TUNINDEX fell 1.35%. The move stood out even more as the Basic Materials index dropped 2.98%, highlighting highly selective buying in Tunisia’s stock market.