Tunisia's stock market experienced a decline on Monday, with the Toundex index falling by 0.77%. The index closed below the 19,000-point mark. According to the Tunisian Financial Papers brokerage firm, the total value of transactions for the day was TND 5 million. This relatively low trading volume suggests a cautious approach by investors. The market's performance was impacted by various factors, including the decline of several major stocks.
The best-performing stock of the day was Banque de Tunisie et d'Emirats, formerly known as Banque de Développement. Its value increased by 4.4%, closing at TND 6.680. However, trading activity for this stock was relatively low, with transactions not exceeding TND 1,000. This limited trading activity may indicate a lack of confidence among investors. Despite this, the stock's performance was a positive note in an otherwise declining market.
Another stock that showed gains was Société Tunisienne des Marchés de Gros. Its price rose by 2.6%, reaching TND 23.600 at the close. This stock attracted TND 250,000 in transactions, making it one of the more actively traded stocks of the day. The company's performance may be attributed to various factors, including its market position and recent financial results.
On the other hand, several stocks experienced significant declines. Société Tunisienne d'Industrie des Pneumatiques saw its price drop by 4.4%, closing at TND 7.600. However, there were no transactions recorded for this stock. Additionally, BIAT ( Banque Internationale Arabe de Tunisie) saw its price decline by 3.3%, closing at TND 14.600. The stock had TND 73,000 in transactions.
The most actively traded stock of the day was Banque Nationale Agricole. It attracted TND 844,000 in transactions and closed at TND 20.160, after losing 1% of its value. The bank's stock performance may be influenced by various factors, including its financial results and market trends. Despite the decline, the stock's high trading volume suggests investor interest.
The Tunisian stock market's performance on Monday reflects the cautious approach of investors. The low trading volume and decline of several major stocks contributed to the overall decline of the Toundex index. However, some stocks showed resilience, with Banque de Tunisie et d'Emirats and Société Tunisienne des Marchés de Gros posting gains.
The economic landscape in Tunisia is also influenced by other factors, including the upcoming International Salon for Energy Transition, scheduled to take place from October 1-3, 2026. Additionally, the country's commercial sector is preparing for the regular supply of household gas cylinders. These developments may have an impact on the stock market and overall economy in the coming weeks.
Key points
- Toundex index fell by 0.77% on Monday, closing below 19,000 points.
- Banque de Tunisie et d'Emirats was the best-performing stock, gaining 4.4%.
- The total value of transactions for the day was TND 5 million.
