BNA, STAR, Comar, and BNA Capitaux Announce Liquidity Contract for Tunis Re Shares
The Tunisian Stock Exchange (BNA), STAR, Comar, and BNA Capitaux, a brokerage firm, are pleased to announce the implementation of a liquidity contract for Tunis Re shares, effective April 15, 2024.
This one-year renewable contract aims to improve the liquidity of Tunis Re shares on the market and regulate their pricing more effectively. The contract involves a total of 441,000 shares and 3 million dinars in cash.
As a reminder, Tunis Re is listed on the Fixing. The reinsurance sector, a highly technical field, primarily attracts institutional investors who understand risk cycles and master the keys to valuing such assets, which are based on equity and solvency.
Tunis Re closed today's session at 6,700 TND, representing a -6.94% annual return.
This announcement is expected to encourage individual investors to take a position in the stock, especially since this contract will ensure a minimum level of liquidity and contribute to a more accurate market valuation. The company will distribute 0.420 TND per share, representing a 5.6% dividend yield, higher than the market average.