Tunisia SE Rises 0.9% to 6,257.24; Poulina Group Leads Advance

TUNIS (Capital Markets in Africa) – The Tunisia Stock Exchange Tunindex rose 0.9 percent to 6,257.24. The move was the biggest since rising 1.1 percent on Aug. 29 and follows the previous session’s decrease of 1.3 percent. The MSCI Emerging Markets Europe, Middle East and Africa Index was little changed, down 0.07 percent.

Poulina Group contributed the most to the advance and had the biggest gain, increasing 5.3 percent. Servicom SA fell 3.2 percent, the biggest loss. The biggest movers also included: Banque Internationale Tunisie, up 1.6 percent; Societe Frigorifique et Brasserie de Tunis, up 2.5 percent; Carthage Cement, down 0.9 percent; and Tunisie Profiles Aluminium, down 2.3 percent.

In the past year, the index had a similar or greater gain two times and continued to rise the next day by an average 0.3 percent.

Today, 22 of 56 shares rose, while 21 fell. The Tunisia SE is down 0.4 percent so far this year. The index is 15 percent above its 52-week low of 5,438.59 reached on Feb. 17 and 2 percent below its 52-week high of 6,386.36 on on Aug. 30

MACRO: Credit default swaps were unchanged at 346.37.

Source: Bloomberg Business News