Tunisia SE Rises 0.8%; Banque Internationale Tunisie Leads Gains

TUNIS (Capital Markets in Africa) – The Tunisia Stock Exchange Tunindex rose for the second day, climbing 0.8 percent, or 51.96 to 6,316.99. The index advanced to the highest level since Sept. 12. The MSCI Emerging Markets Europe, Middle East and Africa Index was little changed, down 0.16 percent.

Banque Internationale Arabe de Tunisie contributed the most to the advance, rising 3.3 percent. Societe Immobiliere Tuniso Seoudienne increased 4.2 percent, the biggest gain. Societe Tunisienne de L’Air fell 4.8 percent, the biggest loss. The biggest movers also included: Attijari Bank, up 2.6 percent; Societe Frigorifique et Brasserie de Tunis, up 1.6 percent; Banque Nationale Agricole, down 1.2 percent; and Automobile reseau tunisien et services, down 2.2 percent.

In the past year, the index had a similar or greater gain three times and was little changed the next day. It advanced two times for an average 0.3 percent and declined once 0.13 percent.

Today, 17 of 56 shares rose, while 16 fell. The Tunisia SE is up 0.6 percent so far this year. The index is 16 percent above its 52-week low of 5,438.59 reached on Feb. 17 and 1.1 percent below its 52-week high of 6,386.36 on August 30.

MACRO: Credit default swaps were unchanged at 346.37.