VOL. XL

No. 42

20-October-1997

TUNISIA

Tunisian Stock Market Recovers After 1996 Slump

The recent privatization of Banque du Sud and the expected listing of three new firms -Banque Tuniso-Qatarie d'Investissemnets, investment fund Tuninvest and al-Mazraa foodcompany - on the Tunisian Stock Exchange (TSE) next month has helped in returning someconfidence to a market which is still characterized by analysts as pre-emerging. Thefundamental problem is that, as in many emerging markets, the TSE is...