The Tunisian Stock Exchange
Following a depressing 2011 for companies listed on the Tunisian Stock Exchange (TUNINDEX), stock has increased in value by 10% since the beginning of 2012.
Tunisian financial analyst
Ishraq Banour told Arabstoday: “Tunisian stock price increases have erased losses resulting from the Tunisian revolution. Stocks revenues in the first half of the year are very satisfying compared to last year records."
Annual trading closed in 2011 down 7.63% compared to an increase of 19.13% in 2010.
The Tunisian Stock Exchange Index closed July 23 with a record 5,247 points compared to 5,217 points in 2011. The Index lists approximately 50 stocks despite government encouragement for more companies to float shares.
The upwards curve in stock prices has been expected since early January 2012 after posting a 2.05% increase within the first week of trading.
Both Internal and External confidence in TUNINDEX and growth was increased by a U.S loan guarantee in April 2012 which allowed the Tunisian government to borrow at a reduced rate.