Economy

Tunis Stock Exchange : Tunindex Starts the Week in the Red

    Market Overview

    The Tunis Stock Exchange kicked off the week on a negative note, closing Monday’s session, June 9, 2025, in decline.

    The benchmark Tunindex stood at 11,375.56 points, reflecting a drop of 0.24%.

    Similarly, the Tunindex 20 fell by 0.24% to reach 5,091.63 points.

    Out of 45 actively traded stocks, the market skewed downward with 25 decliners versus 20 gainers.

    Total trading volume reached 3.5 million dinars (MD), with no block trades recorded during the session.

    Stock Performance

    SIPHAT delivered the strongest daily performance, rising 4.35% to 5.75 dinars (D), followed closely by TGH, which climbed 4.28% to 0.73 D. In the same upward trend, ASS MAGH and ICF gained 3.59% and 2.03%, closing at 50.99 D and 109.89 D respectively.

    SOTUMAG advanced by 1.97%, ending the session at 6.70 D.

    On the downside, NBL posted the steepest loss, shedding 5.86% to 4.33 D, followed by BTE, which slipped 4.37% to 5.24 D. ELECTROSTAR dropped 3.31% to 28.00 D. MNP and UADH also declined by 2.52% and 2.00%, finishing at 4.63 D and 0.49 D respectively.

    SOTUVER registered the highest trading volume, with 389 thousand dinars in transactions.

    CC followed with a total turnover of 248 thousand dinars.

    OTH recorded a total exchange volume of 230 thousand dinars.

    SAH attracted 358 thousand dinars in trades, while AMEN BANK posted a volume of 188 thousand dinars.

    Company News

    SOTETEL – The elective general assembly scheduled for June 4 did not take place due to the lack of a quorum, as the required one-third of shares held by minority shareholders, either present or represented, was not met.

    A second elective general assembly is now set for June 20.

    Its agenda includes the election and appointment of two minority shareholder representatives to the Board of Directors for the 2025, 2026, and 2027 fiscal years, with their mandate concluding at the Ordinary General Meeting reviewing the 2027 accounts.

    NEW BODY LINE – At the close of the 2024 fiscal year, the company posted a loss of 4.5 MD, compared to a profit of 1.3 MD the previous year.

    Operating income declined from 0.8 MD to -4.9 MD over the same period.

    Revenue for 2024 dropped by 10% to 5.9 MD. According to the consolidated financial statements, the group’s share of net income stood at -6.2 MD, versus a profit of 1.1 MD in the prior year.

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