Tunisia: Trading Halt Mechanism Aims to Ensure Smooth Functioning of Market During Significant Downward Movements (Sonia Ben Frej)
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2 Articles
Tunisia: Trading Halt Mechanism Aims to Ensure Smooth Functioning of Market During Significant Downward Movements (Sonia Ben Frej)
Tunis -- Trading on the Tunis Stock Exchange resumed on Wednesday under normal conditions following a one-hour suspension, after the mechanism provided for in the Trading Floor Regulations had been applied, said Sonia Ben Frej, Chairwoman of the Tunis Stock Exchange Board and Managing Director of stockbroker BH Invest, told TAP on Wednesday.
The Tunis Stock Exchange temporarily interrupted the quotation after a reduction of more than 3% of its main index, the TUNDEX. An automatic decision to limit market panic movements and to give investors a time of reaction to a strong sales pressure. According to the opinion published by the Tunis Stock Exchange, the negative threshold of variation of -3% of the index was crossed, thus triggering the mechanism of interruption of the quotation pr…
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