Tunis: The stock market closed Wednesday's session in negative territory, losing 0.2% to 9,122.9 points. According to the daily analysis of broker Tunisie Valeurs, the market was relatively stable, with a total gain of 9.6%, thanks in particular to the good performance of Amen Bank and SAH LILAS shares. BH Leasing shares were among the top performers. The share of the leasing company backed by the BH Group stood out with an increase of 4.5% to TND 3.520. The stock accumulated a total volume of TND 159,000 during the session. SIAME shares performed well during the session after a long period at half-mast. The stock rose by 4.2% to TND 3.700. The share of the electrical equipment and fittings specialist attracted capital of TND 650,000 during the session. ALKIMIA shares were the red lantern of the TUNINDEX. Without being traded, the share of the STPP producer fell by 3.8% to TND 20.200. Délice Holding shares also performed poorly during the session. The share of the national champion of dairy products gave up 2.6% to TND 10.800, animating the market with TND 560,000 traded during the session. Amen Bank was the star stock of the session. Shares in the financial arm of the PGI group ended the session on a high note (+1.4% to TND 37.980). Amen Bank was the most sought-after stock by investors during the session, providing the market with almost TND 5 million of capital. Source: Agence Tunis Afrique Presse
Food trade balance records surplus of 1,350.5 MD (Onagri)
Tunis: The food trade balance recorded a surplus of 1,350.5 million dinars (MD), in April 2024, against a deficit of 213.8 MD, during the same month of the previous year, according to data published by the National Agricultural Observatory (Onagri). The coverage rate achieved is 156.8% in April 2024 compared to 91.6% in April 2023. In terms of value, food exports recorded an increase of 60.6% compared to April 2023, reaching 3726, 8 MD. Imports recorded a drop of 6.2% compared to the same period of last year, amounting to 2,376.3 MD. According to Onagri, the surplus recorded is, essentially, the result of the increase in exports of olive oil (+109.8%), fishing products (+40.8%) and dates (+19.5%). On the other hand, imports of sugar declined (-64.3%) and grains (-2.2%), despite the increase in imports of vegetable oils (+11.4%). Export prices observed an increase of 81% for olive oil, 26.7% for citrus fruits, 25.5% for fishing products, 4.1% for dates and by 0.6% for tomatoes compared to the same period o f the previous year. Import prices of grains fell by 15% for durum wheat, 23.7% for soft wheat, 29.4% for barley, 25.6% for corn, 23.2% for vegetable oils and 4.9% for milk and derivatives compared to an increase of 38.7% for sugar. Source: Agence Tunis Afrique Presse
International seminar on corporate social responsibility next May 24-25 [Upd 1]
Current and upcoming challenges confronting Tunisian companies in striking a balance between financial profitability and corporate social responsibility (CSR) will top the agenda of an international seminar due next May 24-25 in Yassmine Hammamet. The event is organised in partnership with the Exports Promotion Centre (French : CEPEX) under the slogan "Sustainable Profitability: the New Equation for Business Efficiency," with the participation of experts and professionals. The seminar is a key event to stimulate the Tunisian economy as it puts spotlight on tools to secure sustainability in connection to financial profitability and CSR. Advanced training workshops are scheduled to build the skills of participants in developing social and environmental reports and governance. CSR is a business model that helps a company be socially accountable to itself, its stakeholders, and the public and consider decisions' environmental and social impacts in order to reduce harm where possible. Source: Agence Tunis Af rique Presse
Tunisia willing to provide necessary support to Kuwaiti investors in tourism
Tunis: Minister of Tourism and Handicrafts Mohamed Moez Belhassine told a delegation of Kuwaiti investors representing the Al-Maousherji Group there is willingness to facilitate their tasks, in coordination with concerned ministries and agencies, and provide the needed support to help them develop their investments in Tunisia. The delegation is led by Co-Chief Executive Officer and Executive Director Salah Mohammad Saqer Al-Maousherji. Belhassine highlighted the key role of the tourism sector which, he said, is the bedrock of the national economy as a result of its important contribution to the GDP, employment and the mobilisation of foreign currency. The first tourist projects had been implemented with Kuwaiti investments. These prioneer projects contributed to the development of the Tunisian tourism, the minister added. The Kuwaiti delegation was briefed on the climate and opportunities of investment in Tunisia, particularly in tourism, and incentives provided under the investment law. Source: Agence Tunis Afrique Presse
Tunisian Post to issue stamp to mark Mother’s Day
Tunis: The Tunisian Post on Wednesday announced that it will issue a stamp on May 16, 2024 to mark Mother's Day, in recognition of their position and to pay tribute to them. The issue is intended to highlight the role mothers play in the family and in building society, and the great sacrifices they make to ensure a correct and balanced upbringing of their children, explained the Tunisian Post in a press release. This postage stamp and the other philatelic products issued on this occasion will be available for sale in all Post Offices and via the Internet at www.e-stamps.poste.tn, from this Thursday, May 16, 2024. Source: Agence Tunis Afrique Presse