Tunisia SE Falls 0.8% to 7,086.43; Attijari Bank Leads Decline

TUNIS (Capital Markets in Africa) – The Tunisia Stock Exchange Tunindex fell for the second day, dropping 0.8 percent, or 54.18 to 7,086.43. The move was the biggest since falling 0.9 percent on Feb. 9. The MSCI Emerging Markets Europe, Middle East and Africa Index was unchanged.

Attijari Bank contributed the most to the decline and had the biggest loss, decreasing 4.5 percent. Societe Ciments de Bizerte rose 7.3 percent, the biggest gain. The biggest movers also included: Banque de Tunisie, down 1.6 percent; Banque Internationale Tunisie, down 0.7 percent; Societe Ciments de Bizerte, up 7.3 percent; and Banque Nationale Agricole, up 0.4 percent.

In the past year, the index had a similar or greater loss two times and rose the next day by an average 0.8 percent.

Today, 17 of 56 shares fell, while 9 rose. The Tunisia SE is up 13 percent so far this year. The index is 1.5 percent below its 52-week high of 7,195.16 reached on April 5 and 27 percent above its 52-week low of 5,567.48 on on April 11.