Renewal of Liquidity Contract for Tunis Re Shares
The liquidity contract for Tunis Re shares, a Tunisian reinsurance company, will be renewed for a new one-year period starting from May 18, 2026, as announced by the contract initiators, including the National Agricultural Bank (BNA), STAR, COMAR, and the brokerage firm BNA Capitaux.
Initial Contract Details
The initial contract, which came into effect on April 15, 2025, has expired on April 15, 2026. It covered 556,847 Tunis Re shares and had a liquidity envelope of 2,321,183 dinars. At the close of the contract, the mechanism had 555,517 Tunis Re shares and a liquidity level of 2,757,393 dinars, according to data published by the Tunisian Stock Exchange (CMF).
New Contract Terms
For the new period, the renewed contract will consist of 400,000 Tunis Re shares and a liquidity envelope fixed at 2,770,502 dinars. This mechanism aims to support the liquidity of the stock on the market and facilitate the regularity of its trading on the stock exchange.
Objectives of the Contract
The primary objective of the liquidity contract is to:
- Support the liquidity of Tunis Re shares on the market
- Facilitate the regularity of trading in the company's shares on the stock exchange
- Provide a stable and efficient market for investors to buy and sell Tunis Re shares.
