Tunisia SE Falls 0.6%; Banque Internationale Tunisie Leads

TUNIS (Capital Markets in Africa) – The Tunisia Stock Exchange Tunindex fell 0.6 percent to 6,241.96. The move was the biggest since falling 0.7 percent on Sept. 26 and follows the previous session’s increase of 0.3 percent. The MSCI Emerging Markets Europe, Middle East and Africa Index advanced 0.9 percent.

Banque Internationale Arabe de Tunisie contributed the most to the decline, falling 3.3 percent. Societe Ciments de Bizerte decreased 5.3 percent, the biggest loss. Arab Tunisian Lease rose 2.6 percent, the biggest gain. The biggest movers also included: Attijari Bank, down 1.1 percent; Societe Frigorifique et Brasserie de Tunis, down 1 percent; Carthage Cement, up 0.9 percent; and Ennakl Automobiles, up 1.2 percent.

In the past year, the index had a similar or greater loss two times and was little changed the next day.

Today, 10 of 56 shares fell, while 13 rose. The Tunisia SE is down 0.6 percent so far this year. The index is 2.3 percent below its 52-week high of 6,386.36 reached on Aug. 30 and 15 percent above its 52-week low of 5,438.59 on on Feb. 17.

MACRO: Credit default swaps were unchanged at 346.37.

Source: Bloomberg Business News