Bourse de Tunis Key Facts and Figures

The Bourse de Tunis is a significant player in the Tunisian economy.

It was established in 1969, marking the beginning of the country's modern stock market.

The Bourse de Tunis is headquartered in Tunis, the capital city of Tunisia.

With a total market capitalization of over $10 billion, the Bourse de Tunis is a substantial platform for investors.

The exchange operates Monday through Friday, with a morning session from 9:30 am to 12:30 pm and an afternoon session from 2:30 pm to 5:00 pm.

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The Bourse de Tunis has a rich history that spans over five decades. Launched in February 1969, the stock exchange has played a relatively minor role in financing Tunisia's economy due to the dominance of the state and banks.

Initially, the Bourse was more of a registration office for transactions rather than a true reflection of the economy. This was largely due to the favorable terms offered by banks, including high interest rates on deposits and tax exemptions.

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In 1988, a major reform of the financial market was implemented as part of the structural adjustment plan. This aimed to create a legal framework that would allow the market to contribute to the country's economic growth.

The reform included the taxation of bank deposits, a decrease in interest rates, and a more favorable tax treatment for investments in the stock market. The tax on corporate profits was also reduced from 80% to 35%.

By 2016, the Bourse had started to show signs of growth, with the Tunindex index rising by 8.86%. This trend continued in 2017, with a growth rate of 14.45%.

In 2019, the Bourse de Tunis was recognized by the World Federation of Exchanges, becoming one of its members. This membership has helped increase the Bourse's visibility among foreign investors and listed companies.

In 2024, the Bourse published its first ESG report, marking a significant step towards sustainability. This move was in line with the Bourse's commitment to the United Nations' Sustainable Stock Exchanges Initiative.

The Bourse de Tunis has made significant strides in recent years, with a major reform adopted in 1994 to bring it in line with international standards. This reform led to the creation of the Conseil du marché financier, which started its activities in 1995.

The market has seen a notable increase in the number of listed companies, with 50 companies listed in March 2009. The capitalization of the market has also grown, reaching 8.7 billion dinars by 2009, which is 16% of the country's GDP.

The Bourse de Tunis has implemented measures to encourage participation, including tax incentives for newly listed companies and benefits for individual investors. However, the market still faces challenges, with a low contribution from institutional investors.

The Bourse de Tunis has benefited from the influx of petrodollars from Gulf countries and has been designated as a safe-haven market during times of global or national economic downturns.

The Directeurs Généraux of Bourse de Tunis have played a crucial role in shaping the exchange. Mohamed Bichiou held the position from 2008 to 2015.

Here's a brief look at the Directeurs Généraux of Bourse de Tunis:

Bilel Sahnoun has been leading the exchange since 2015, bringing his expertise to the table.

The Bourse de Tunis is home to a diverse range of listed companies.

Automobile Réseau Tunisien et Services, Magasin Général, and Société Nouvelle Maison de la Ville de Tunis are just a few of the companies that are listed on the Bourse de Tunis.

Other notable companies listed on the Bourse de Tunis include Société Tunisienne des Marchés de Gros and Ennalk Automobiles.

Société l'Accumulateur Tunisien, Société Générale Industrielle de Filtration, and Société Tunisienne d'Equipement are also listed on the Bourse de Tunis.

Here's a list of some of the companies listed on the Bourse de Tunis:

The insurance scene in Tunisia's capital city is quite vibrant. The Bourse de Tunis, or Tunis Stock Exchange, has several insurance companies listed, providing a range of options for investors.

Compagnie d'Assurances et de Réassurrances is one of them. This company offers a variety of insurance products, including life and non-life insurance.

Société Tunisienne d'Assurances et de Réassurances is another notable player. This company has been around for a while and has a strong presence in the market.

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Société d'Assurances Salim is also worth mentioning. This company is known for its innovative approach to insurance.

La Société Tunisienne de Réassurance « TUNIS Re » is the last one on the list. This company specializes in reinsurance, providing coverage to other insurance companies.

Here are the insurance companies listed on the Bourse de Tunis:

BNA Assurances will make its debut on the main market of the Bourse de Tunis on Thursday, August 14, 2025, marking a new milestone in its stock market development.

The company's stock will be listed on the main market, having previously been traded on the over-the-counter market of the BVMT.

The listing price of BNA Assurances' stock on the main market was set at 3.480 dinars.

BNA Assurances will join the main market of the Bourse de Tunis on August 14, 2025, after being listed on the BVMT's over-the-counter market.

The company's stock will be available for trading on the main market of the Bourse de Tunis on August 14, 2025.

The Tunindex, the reference index of the Tunis Stock Exchange, has shown a significant advancement of 1.1% from March 25 to 29, 2024, reaching 8921.3 points.

This impressive performance is a testament to the resilience of the Tunisian market, especially considering the challenging global economic context.

The Tunindex has been on a roll, with its annual performance now standing at a respectable +2%.

The acceleration of transactions on the Tunisian market, including a notable 33.6 million dinars deal on the Sotuver title, has contributed to the dynamic volumes of transactions, reaching a remarkable 51.1 million dinars for the week.

This performance is a vote of confidence from investors in the Tunisian market and its ability to generate attractive returns despite internal challenges.

However, it's essential to take a step back and examine the underlying factors driving this performance, as the Tunisian economy still faces significant internal challenges, such as high unemployment, inflationary pressures, and structural issues.

The Bourse de Tunis is a hub for financial activity in Tunisia, and as such, it's essential to know what to expect from your experience there.

Reviews from visitors and traders alike praise the exchange's efficiency, with some noting that it's one of the most organized and well-run markets in the region.

One of the standout features of the Bourse de Tunis is its extensive trading hours, which allow for a full day of activity from 9:30 AM to 11:30 AM and then again from 2:30 PM to 4:30 PM.

Traders appreciate the exchange's commitment to providing accurate and timely market data, which helps them make informed decisions.

The Bourse de Tunis has a wide range of stocks and bonds listed, offering something for every type of investor or trader.

Visitors often comment on the exchange's clean and modern facilities, which provide a comfortable and professional environment for business.

As part of conducting due diligence on Bourse de Tunis, it's essential to review various aspects of the market and its regulatory framework.

The Tunisian Dinar (TND) is not freely convertible, which may impact your investment decisions.

Tunisia is not an OECD or FATF member country, which could have implications for your investment strategy.

The corruption score for Tunisia is not explicitly mentioned in the article section facts, but it's a crucial factor to consider when investing in the country.

Ease of repatriation of capital is a significant consideration when investing in Tunisia, but the article section facts do not provide a specific score or ranking.

The regulatory framework for brokers on Bourse de Tunis is overseen by a supervisor, but the article section facts do not provide further details on the supervision process.

BVMT, the stock exchange, has a guarantee fund, which provides some level of protection for investors in case of broker insolvency.

Sanctions can be imposed on brokers on BVMT, but the article section facts do not provide details on the types of sanctions or the process for imposing them.

The capital requirements for brokers on BVMT are not explicitly mentioned in the article section facts, but it's an essential factor to consider when evaluating the regulatory framework.

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Here is a summary of the key due diligence factors to consider:

The trading hours for Bourse de Tunis are not explicitly mentioned in the article section facts, but it's essential to consider when evaluating the market's liquidity and trading activity.

The instruments listed on BVMT are not explicitly mentioned in the article section facts, but it's a crucial factor to consider when evaluating the market's depth and breadth.

Daily market information is available, but the article section facts do not provide further details on the types of information or the frequency of updates.

The settlement cycle on Bourse de Tunis is not explicitly mentioned in the article section facts, but it's a critical factor to consider when evaluating the market's efficiency and liquidity.

The settlement method on BVMT is not explicitly mentioned in the article section facts, but it's essential to consider when evaluating the market's clearing and settlement processes.

A Central Counterparty exists on Bourse de Tunis, which provides some level of protection for investors in case of counterparty risk.

Securities are dematerialized on BVMT, which can improve the efficiency of the settlement process.

RTGS v Netting is not explicitly mentioned in the article section facts, but it's a critical factor to consider when evaluating the market's clearing and settlement processes.

Securities are registered on Bourse de Tunis, but the article section facts do not provide further details on the registration process.

Here is a summary of the key market characteristics: