The business indicators of listed companies for the first 9 months of 2024 show an increase of 3.6% in total revenues compared to the same period of 2023, reaching 17 billion dinars compared to 16 billion dinars previously.
According to a note recently published by the Tunis Stock Exchange, 65% of the companies that published their indicators, i.e. 46 out of 71, improved their cumulative revenues compared to the same period of the previous year.
The 20 companies in the Tunindex20 accounted for 11.8 billion dinars (or 68% of total turnover), up 1.8% over the same period last year.
In the banking sector, the aggregate net banking income (NBI) of the 12 listed banks reached 5,223 million dinars at the end of September 2024, up 5.7% compared to the same period last year.
Net leasing income of the 7 listed leasing companies increased by 7.4% to 409 million dinars.
The financial sector also benefited from the increased activity of the 6 listed insurance companies, which issued premiums totaling 1,156 million dinars, an increase of 10.7%.
Overall, the financial sector grew by 6.7% in the first 9 months of 2024, with total revenues of 6,826 million dinars.
In the consumer goods sector, the total turnover of the three large food groups (Délice Holding, Poulina Group Holding and SFBT) fell by 1.6% to 4,619 million dinars
.
On the other hand, the combined turnover of the four car dealers (excluding UADH) increased by 16.8% to 1,071 million dinars.
In the consumer services sector, the combined turnover of the two listed mass retail chains went up by 6.7% to 1,316 million dinars.
Telecommunications in the lead
In general, all six sectors (out of nine) showed positive performance. The best performers were the Telecommunications sector, up 25.1%, and the Technology sector, up 12.1%.
Of the 12 sub-sectors (excluding Media), seven were positive.
The best performer was distribution (+11.8%), followed by insurance (+10.7%) and financial services (+8.2%).
It should be noted that 69 listed companies had communicated their business indicators for the third quarter of 2024, at the end of October 2024, representing 92% of the list.
Index trends:
The TUNINDEX, the benchmark index of the Tunis Stock Exchange, rose by 13.77% as at September 30, 2024, compared with a rise of 4.30% over the same period in 2023.
The TUNINDEX20 index followed the same trend, rising by 15.71% over the same period, compared with 2.92% over the same period in 2023.
Eleven of the twelve sector indices published by the Tunis Stock Exchange recorded positive performances at the end of the third quarter of 2024.
The best performers were the Financial Services index with 32.10% and the Management Products and Personal Care index with 21.91%.
On the other hand, only the construction materials index fell by 0.82%.
