Tunisian economy rattled again | beyondbrics

Tunisian economy rattled again | beyondbrics:

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Political turmoil in Tunisia has struck a heavy blow to the country’s economy. The assassination of opposition leader Mohamed Brahmi last Thursday and the killing of eight soldiers by militants near the Algerian border on Monday have shaken investors’ nerves once again.

The MSCI Tunisia stock index is down 3.7 per cent since last Thursday. On the broader market, consumer plays such as retailing, insurance and construction were hit hardest: supermarket chains Monoprix and Magasin Général each fell nearly 5 per cent on Tuesday alone, while reinsurer Tunis Re was down 4.3 per cent.

Houcine Dimassi, a former finance minister, says a general strike on Friday held in response to Brahmi’s assassination has cost the country 200m dinar (about $120m)."

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