9 new corporations to enter Tunis stock exchange

Nine new institutions will enter the Tunis Stock Exchange before the end of this year to bring the number of listed enterprises to 75 institution compared to 66 currently, it was announced here today. Director-General of the Stock Exchange Mohammed Bashao said in a press statement that the new listings will increase the stock’s contribution to the Gross Domestic Product (GDP) by 25 percent. He explained that three new companies, currently preparing to list its shares on the main market of the Stock Exchange, have recently acquired the initial approval, explaining that the final entry of these companies is linked to the stock market listing bulletin and obtaining a license from the market financial authority. He pointed out that the new listings come amid economic and social difficulties, noting that each listing operation would bring the stock exchange between seven thousand and 30 thousand new investor.