Tunindex closes week with marginal 0.04% gain

In a lacklustre market, the Tunindex benchmark edged up 0.4% during the week of November 27 to December 1, 2023, settling at 8,575.74 points, thereby bringing its year-to-date performance to +5.9%, as reported by broker Tunisie Valeurs. With no block trades, only TND 11.5 million were traded, equivalent to a daily volume of TND 2.3 million. BH Assurance emerged as the most traded stock, capturing 16.5% of the total market turnover. // Market Analysis // The GIF FILTER stock took the lead. The filter specialist's shares posted the best performance of the week, surging by 13.2% to TND 0.430, with a trading volume of TND 13,000. UADH was among the top performers of the week, with the automotive dealer's shares up by 13.2% to TND 0.430, in a trading volume of TND 13,000 throughout the week. However, Best Lease ended the week at the tail of its competitors, with shares down by 19.6% to TND 1.760, in a negligible trading volume of TND 2,000. BH Assurance was the most actively traded stock of the week, attra cting transactions worth TND 1.9 million, or 16.5% of the total trading volume. // Market News // Attijari Bank: Increase in reserved capital for active and permanent staff The Extraordinary General Assembly of Attijari Bank approved an increase in the bank's capital exclusively reserved for its active and permanent staff and that of its related subsidiaries. This involves a cash increase totalling TND 6,290,015, raising the capital from TND 203,709,985 to TND 210,000,000. This is achieved by issuing 1,258,003 new shares with a nominal value of TND 5 each, plus an issuance premium of TND 34,100 per share, i.e. an issue price of TND 39,100 per share. These new shares will be fully paid up on subscription and will carry dividend rights as of January 1, 2024. Disclosure of major transactions in TPR and SOTUVER shares CEO of TPR and SOTUVER Karim Bayahi said he had acquired TND 1 million worth of SOTUVER shares and TND 1.5 million worth of TPR shares from the Compagnie Financière d'Investissement.

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