The Tunisian bourse has risen 42 per cent since the beginning of the year, making it one of the best performers in the Middle East.
This is a reflection, analysts say, of the fact that more than half of its $10bn market capitalisation is made up of local banks that have not been affected by the global financial crisis. Another chunk comprises companies that are geared towards consumption at home or which export to the regional market, particularly to hydrocarbon-rich Algeria and Libya .
Tunisian exporters to Europe had a hard time during the first six months of the year, but government officials say that July and August have seen a return to previous levels of exports.
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