Tunisian Stock Market Sees Slight Uptick in July 2024
The Tunisian stock market experienced a slight increase in July 2024. The main index, the Tunindex, ended the month at 9,801.19 points, recording a 0.77% increase.
According to the July 2024 stock exchange letter, this increase follows a more significant gain of 2.51% in June. Since the beginning of the year, the Tunindex has progressed by 12.01%, outperforming the 11.31% recorded during the same period in 2023.
The Tunindex20, which tracks the 20 most important companies on the stock exchange, also saw a modest increase of 0.26%, closing at 4,381.22 points. In June, it had gained 2.82%. Since the beginning of the year, it has increased by 14.52%, surpassing the 12.20% of the previous year.
However, the trading volume decreased significantly. In July, it dropped by 46.44% to reach 114.4 million Tunisian dinars.
The average daily transaction volume was established at 5.2 million dinars, compared to 11.2 million in June. This decline may reflect a decrease in investor activity on the market.
