Tunisia SE Falls 0.4% to 6,115.94; Banque de Tunisie Leads

TUNIS (Capital Markets in Africa) – The Tunisia Stock Exchange Tunindex fell for the third day, dropping 0.4 percent, or 26.09 to 6,115.94. The move was the biggest since falling 0.5 percent on Oct. 2. The MSCI Emerging Markets Europe, Middle East and Africa Index advanced 1.6 percent.

Banque de Tunisie contributed the most to the decline, falling 1 percent. Industries Chimiques du Fluor decreased 3.3 percent, the biggest loss. Societe Immobiliere et de Participations rose 3.6 percent, the biggest gain. The biggest movers also included: Carthage Cement, down 1.7 percent; Automobile reseau tunisien et services, down 3.1 percent; Banque Nationale Agricole, up 0.4 percent; and Societe Immobiliere et de Participations, up 3.6 percent.

In the past year, the index had a similar or greater loss 16 times and was little changed the next day. It declined 11 times for an average 0.16 percent and advanced five times for an average 0.19 percent.

Today, 22 of 55 shares fell, while 11 rose. The Tunisia SE is up 11 percent so far this year. The index is 4.2 percent below its 52-week high of 6,386.36 reached on Aug. 30 and 13 percent above its 52-week low of 5,409.94 on on Dec. 21.

MACRO: Credit default swaps were unchanged at 389.26.