Stock market news

Tunis: Here follow the stock market news reported over the week (July 15-19) as published by broker Tunisie Valeurs.ATB: Riadh Hajjej appointed CEOThe Arab Tunisian Bank (ATB) informed its shareholders and the public that its Board of Directors, meeting last July 11, has decided to confirm Riadh Hajjej as the bank's CEO.Telnet Holding: 10.4% rise in turnoverTelnet Holding's turnover rose by 10.4% to TND 34.2 million, the company's indicators for June 30 show.The company's EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose by 16.8% to TND 6.7 million.SOTRAPIL: Transport revenues down 10.2%The SOTRAPIL recorded transport revenues dropped by 10.2% to TND 7.2 million till June 30, against TND 8.1 million during the same period last year.This drop was due to the 11% reduction in the transported quantities, following the 13.4% drop in quantities transported via the Bizerte-Rades pipeline, mainly cause by the halt of the transport of sulphur-free diesel from November 2023, due to maitenance work carried out on the storage tanks dedicated to this product at the Bizerte refinery.It is also explained by the 1404% increase in quantities transported via the Jet A1 pipeline .Source: Agence Tunis Afrique Presse