The overall market capitalization recorded an increase of 11.6%. And this, to reach 24,380 MTD in 2018 against 21,852 MTD in 2017. This represents 23.1% of GDP. According to
the CMF report, submitted today to the President of the Republic
.

According to the 2018 CMF report, the
foreign participation in market capitalization
also appreciated. To stand at 24.90% against 23.31% last year.

In addition, the flagship index of the Tunis Stock Exchange rose by double digits by 15.76%. And this, after having evolved by 14.45% in 2017. This has made it possible to raise it to 2nd place among the Arab stock exchanges in terms of yield.

The report thus shows a marked increase in the venture capital sector. The latter financed projects up to 453.1 MTD. 50% of these projects concerned companies employing less than 20 agents. This reveals the importance of this sector in terms of strengthening the equity capital of SMEs*. And job creation, especially in the interior regions.

In total, the interventions of venture capital investment organizations created 7,500 direct jobs in 2018.

With regard to the activity of the stock market regulator, the report presented the achievements of the CMF in terms of strengthening financial transparency. As well as market integrity.

CMF: money laundering and terrorist financing

To this end, the CMF has carried out a sectoral mapping of the risks relating to these offences. This has enabled it to set up an optimal control program for professionals in the sector. And this, in accordance with the recommendations of the Financial Action Task Force (FATF).

The CMF is called upon, according to this report, to amend its regulations relating to public offerings. This could support national efforts to improve the business climate. And to encourage the private sector and improve Tunisia's ranking in "Doing business".

Also, efforts must continue to improve the rate of private investment financing. Through the financial market to stimulate the growth of domestic enterprises. As well as accelerating the pace of job creation.