Rédaction Africa Links 24 with Saoussen BOULEKBACHE
Published on 2024-04-07 08:45:53
Tunis Stock Exchange: A slight decline of +0.19%
The market continued on a second consecutive bearish session, ending with a slight decline of +0.19% at 8904.87 points, in a low volume of 1.9 MD. The “Stip” stock stood out in the session, leading the market performers. In an almost non-existent transaction flow, the tire specialist’s stock posted a 4.5% advance to 3.970 dinars. The “CIL” stock was among the session’s biggest gainers. The rental company’s stock recorded a 4.4% increase to 22.440 dinars. The stock traded 39,000 dinars during the session. The “STB” stock experienced the biggest decline of the session. In a modest flow of 9,000 dinars, the state bank’s stock fell by 5.7% to 3.160 DT. The “Monoprix” stock continues its decline in the market. The specialty of large distribution’s stock dropped by 3.4% to 4.500 dinars. The stock traded a low volume of 36,000 dinars during the session. Also in the red, the “Amen Bank” stock slightly decreased by -0.19% to 37.730 dinars. The private bank’s stock was the most traded on the session, fueling the market with 338,000 dinars. It is worth noting that the market rebounded at the end of the Thursday session (+0.3%), closing at 8929.5 points. The trades were relatively high (a volume of 7.3 MD) and focused on two stocks: “Attijari Bank” and “Tunisie Leasing & Factoring”. The “BH” stock offered the best performance of the session. The state bank’s stock soared by 6% to 12.290 dinars, in a meager flow of 60,000 dinars. The “ICF” stock also ended the session in positive territory. The aluminum fluoride producer’s stock posted a 3.9% increase to 64.950 dinars. The stock traded at 173,000 dinars during the session. The “BH Leasing” stock suffered the most severe correction of the session. The leasing company, affiliated with “BH Bank”, saw its stock decline by 4.3% to 2.870 dinars.
Sfax Chamber of Commerce and Industry: Dynamism in economic relations in several markets
The Chamber of Commerce and Industry of Sfax (CCIS) plans to organize a multi-sector business mission and a joint investment and partnership forum in Algeria from May 5 to 9, 2024. The program includes participation in partnership and investment meetings between delegation members and their Algerian counterparts, field visits to certain economic structures and industrial units, as well as a visit to the “Batimatec” construction fair, which will be held in Algiers during the same period. This mission is part of the development of economic relations between Tunisian and Algerian institutions, especially in the field of joint investments, especially after the promulgation of new legislation regulating this area and which will promote a greater presence of Tunisian products in the Algerian market. The CCIS will also organize a multi-sector economic forum between Tunisia and Cameroon, which will be held on the sidelines of the 11th Tunisian-Cameroonian joint commission from April 23 to 24, 2024 in Yaoundé. The economic forum will include plenary sessions and professional B2B meetings with Cameroonian business operators in various sectors, including construction and building materials, agriculture and agri-food, medical and pharmaceutical products and equipment, textiles, ICTs, international trade, etc.
In partnership with the Canadian Embassy in Tunis, the CCIS will organize a business mission to Canada from May 14 to 18, 2024, on the occasion of the Sial Canada Fair, which will take place in Montreal from May 15 to 17, 2024. The objective is to explore export opportunities and partnerships offered by the Canadian market, in order to establish lasting business relations with Canada.
Bassem Ennaïfer: “Salary increases have not kept up with price increases”
Bassem Ennaïfer, financial analyst, analyzed the results of the 2022 employment and salary survey conducted by the National Institute of Statistics (INS) on a private radio station. He stated that only 7.5% of Tunisians earn salaries exceeding one thousand dinars. He mentioned that the average base salary is twice the minimum wage. “It is a low salary that does not match the cost of living increase, which explains the financial difficulties of Tunisians.”
According to the analyst, this dates back to strategic choices made in the 1970s aiming to make the country a destination for cheap labor. “Salary increases have not kept up with the significant price increase recorded over the past decade. Salaries in the public sector have increased significantly, but this is not the case for the private sector,” Ennaïfer assured.
For him, even though foreign investors are attracted by Tunisian salaries, they also consider other factors such as social and fiscal costs to come and settle in our country.”
Read the original article(French) on La Presse Tunisie
