Tunisian Stock Market Sees Uptrend in April 2024

The Tunindex, Tunisia's stock market index, closed at 9,103.85 points in April 2024, marking a 2.05% increase compared to the previous month, which had seen a 3.37% rise, according to the Tunis Stock Exchange's monthly analysis.

Since the beginning of the year, the index has accumulated gains of 4.04%, outperforming the 2.08% increase recorded during the same period in 2023.

Trading Volume Remains Stable

The total trading volume on the Tunis Stock Exchange reached 74.2 million dinars in April, representing a 26% decrease compared to the previous month. However, this decline does not compromise the overall market dynamism. The average daily trading volume stood at 3.9 million dinars in April, compared to 5 million dinars in March 2024, but remains stable at 4.8 million dinars since the beginning of the year.

Positive Trends in Stock Prices

The observed trends in stock prices reflect a predominance of increases, with 40 stocks showing gains compared to 34 declines. This positive performance is also reflected in the Tunindex20, which recorded a 2.46% increase in April, closing at 4,067.37 points, after a 4.21% rise the previous month. Since the beginning of the year, the Tunindex20 has seen a remarkable 6.32% growth, illustrating increased dynamism compared to the same period in 2023, when growth was 1.73%.