Tunisia: Stock market trend remains bearish for week of November 18 to 22
The benchmark index closed the week of 1November 8-22 down 0.7% at 9,788.2 points, bringing its year-to-date performance to 11.9%, according to Tunisie Valeurs.
Investor uncertainty is also reflected in low trading volumes. Suffering from the absence of block trades, the stock market recorded a meager trading of 13.3 million dinars for the week as a whole (i.e. a daily average of 2.7 million dinars).
CELLCOM was the best performer of the week. Shares in the distributor of the EVERTEK brand gained 14.8% to TND 2.480. The stock traded a modest volume of 443,000 dinars during the week.
ICF seems to be back in favor with investors. Shares in the aluminum fluoride producer rose 13.1 percent to 93.750 dinars. The stock traded for 541 thousand dinars during the week.
ESSOUKNA was the most punished stock by investors during the week. Shares in the property developer, which is part of the SIMPAR group, fell 19.7% to TND 1.430 without attracting any inflows.
Shares in TUNISAIR were among the week's biggest losers. The flag carrier's shares fell 5.1% to TND 0.370. The stock saw very limited trading of 5,000 dinars.
Shares of ATTIJARI BANK topped the week's trading charts. The share of the subsidiary of the ATTIJARIWAFA BANK
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