Monday 7 March 2011

Tunisian Stocks May Gain When Suspended Bourse Opens Monday After 20% Drop - Bloomberg

Tunisia’s stock exchange said it will resume trading today, a week after it shut down for the second time since a popular revolt ousted President Zine El Abidine Ben Ali in January.

The announcement was posted on the bourse’s website yesterday.

Tunisia’s benchmark index has plunged more than 20 percent this year as the North African country’s uprising ended Ben Ali’s 23-year rule and inspired demonstrations across the region. Renewed protests to remove from power those linked to Ben Ali forced Prime Minister Mohamed Ghannouchi to resign on Feb. 27. Interim President Fouad Mebazaa named former Foreign Minister Beji Caid Essebsi as premier and called last week for the election of a national council to write a new constitution.

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