The Toundex index, which tracks the performance of the Tunisian stock market, closed on a positive note on Monday, rising by 0.25% to reach 18,669.38 points. According to data from the Tunisian Financial Papers, the market saw a relatively weak trading volume of approximately 4.6 million dinars. This uptick suggests a cautiously optimistic sentiment among investors in the market.
The best-performing stock of the day was that of the Southern Paper Mill, which saw its price increase by 5% to close at 10.800 dinars. However, the trading volume for this stock was relatively low, standing at just 28,000 dinars. Another stock that showed significant gains was the Tunisian Network for Car and Services, which rose by 4.2% to end the day at 10.200 dinars, with a trading volume of 4,000 dinars.
Not all stocks shared in the gains, however. The International Concord Bank saw its stock price decline by 4% to 6.980 dinars, with a meager trading volume of just 2,000 dinars. Similarly, the stock of the National Agricultural Bank's insurance arm fell by 3% to 3.920 dinars, amidst transactions worth 18,000 dinars.
The stock of the Tunisian Beverage Company was the most traded, accounting for nearly 39% of the total market transactions with a value of approximately 1.8 million dinars. Despite this, its stock price ended the day down by 1.5% at 13.500 dinars. This mixed performance reflects the varied fortunes of different sectors and companies within the Tunisian economy.
Market analysts and participants are keenly watching various economic indicators and policy announcements that could influence market sentiment. For instance, the Central Bank of Tunisia recently announced that the average interest rate in the money market remained stable at 7% in October 2026. Such macroeconomic factors can have significant implications for stock market performance.
Looking ahead, there are expectations that the current account deficit could narrow to 3.8% of GDP in 2027, which might help stabilize the market and potentially boost investor confidence. Additionally, the national budget for 2027 is set to be discussed in the coming weeks, with the first public sessions scheduled for November 9 and 10.
The Tunisian stock market's performance is also influenced by developments within the country's aviation sector. For example, the national carrier, Tunisair, recently announced plans to issue a bond worth 24 million dinars without a public offering. Such corporate actions can impact the stock market, especially if they signal broader economic trends or shifts in investor appetite.
Key points
- The Toundex index rose by 0.25% to 18,669.38 points.
- The Southern Paper Mill stock saw the highest gain at 5%.
- The Tunisian Beverage Company's stock was the most traded, accounting for 39% of total transactions.
