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تونزي تيليغراف
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Tunisian stocks pause after decline
The Tunis Stock Exchange halted trading for an hour on July 28, 2026, after the TunIndex fell by more than 3%. This was in accordance with the "automatic shut-down" mechanism that is automatically triggered following a sharp decline in the index. The halt came after the index crossed the threshold amid increasing selling pressures on bank stocks, particularly as the government discussed conditions for granting interest-free microloans with guarantees. These conditions require banks to allocate 8% of their profits to this initiative, an amount that may be insufficient to meet the anticipated demand, especially from small and medium-sized enterprises. Although the decline was linked to the government's action, the Tunis Stock Exchange has not officially confirmed the direct cause of the market drop. The situation remains under analysis regarding the potential impact of these loans on bank performance and their overall effect on the financial market.
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