16 Hrs
Source:
تونزي تيليغراف
Tunisia Stock Exchange Warning Sign
Economic expert Rida Chakandali warned of the repercussions of the sharp decline in the Tunis Stock Exchange, emphasizing that these fluctuations are not transient and indicate risks extending from the financial market to the banking sector and the real economy. He explained that the previous recovery was due to banks' profits from funding the government, rather than an improvement in fundamental economic activities. He pointed out that the decree requiring banks to allocate 8% of their profits to low-interest loans for youth has led to a decline in profit expectations and an increase in uncollected debts. This has resulted in the sale of bank shares and a drop of more than 3% in the market index. Additionally, the failure to direct funds towards productive investment further exacerbates economic difficulties. He also indicated that legislative changes and increased restrictions on financing could reduce banks' ability to grant loans, hindering growth and threatening the future of budget financing. He stressed that stabilizing financial laws is essential to restore investor confidence and avoid the worsening of the crisis.
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