After two consecutive weeks of increases, the Tunindex recorded an unfavourable trend reversal in the week from July 31 to August 4. The stock market index fell by 1.4% to 8917.7 points, reducing its annual performance to +10%, according to broker Tunisie Valeurs.

The week was marked by a noticeable slowdown in the pace of trading. A volume of TND 11.2 million was traded on the market, i.e. an average daily turnover of TND 2.2 million.

Value analysis

ESSOUKNA was the top performer. Shares of the property developer, which is backed by the SIMPAR Group, rose 9.8% to TND 1.790 on a flow of only 2,000 TND.

ARTES was one of the biggest winners of the week. The car dealer's shares rose by 4.9% with a capital inflow of TND 840,000.

Best Lease was the stock most penalised by investors during the week. The shares of the only Islamic leasing company on the rating fell 19.7% to TND 1.830 on a low volume of TND 1,000.

Profit taking continues to hurt SAH Lilas shares. The shares of the national hygiene products company fell 1.7% to TND 8.600. SAH was the most active stock of the week with 1.5 million shares traded.

Source: Agence Tunis Afrique Presse