1. Admission Fees

The rate of the admission fee payable to the Tunis Stock Exchange by issuing companies or management companies is determined in accordance with the table below, provided that the fee amount does not exceed four thousand dinars (TND 4,000) for equity securities and three thousand dinars (TND 3,000) for other securities.

Market capitalization at admission or the
outstanding amount of the admitted issuance

Commission Rate
Equities

0,05%

Other Securities

0,01%

  • The market capitalization amount at admission is equal to the product of the number of securities admitted and their admission price.

  • Companies whose securities are admitted to the Alternative Market are exempt from paying this fee.

  • For other securities, the amount to be taken into consideration is the outstanding amount of the issuance at the date of its admission to the stock exchange listing.

  • The admission fee to the Tunis Stock Exchange must be paid by the listed entities or by applicants for admission before the start of trading of the security. This fee is payable by the applicants as soon as they obtain the preliminary approval for the admission of equity securities.

2. Annual Listing Fees

The annual listing fee payable by issuing entities to the Tunis Stock Exchange is determined in accordance with the following table:

Market Capitalization (Tunisian Dinar)Fee Amount (Tunisian Dinar)

Equities

Up to 50,000,000

2 000

From 50,000,001 to 200,000,000

10,000

From 200,000,001 to 500,000,000

20,000

More than 500,000,000

40,000

Other Securities

Each line of listing

1 000

  • When an issuing entity has several categories of securities listed on the stock exchange, the annual listing fee due may not exceed forty thousand dinars (TND 40,000).
  • The annual listing fee is calculated based on the market capitalization of the security as of December 31 of the previous year. Market capitalization is determined using the closing price.
  • For equity securities and other securities that have been admitted to trading during the year, the annual listing fee is payable only for the quarter in which the listing took place and for the remaining quarters of that year.
  • The annual listing fee must be paid to the Tunis Stock Exchange by the issuing entity or its representative no later than sixty (60) days from the date of invoicing.

Learn more

Stock Exchange Services & Pricing

Issuer pricing

 Check the services and pricing applied to issuers

Issuer services

Tunis Stock Exchange supports issuers in managing their securities and developing their financial communications.

Pricing of Services Provided to Issuers

Listing on the Stock Exchange requires that an issuer complies with the applicable conditions and regulations, particularly with regard to:

The disclosure of financial information with the required relevance and timeliness.Compliance with shareholders’ rights and the principle of equal treatment among shareholders.

The success of a company’s listing on the Stock Exchange also depends on the trust and close relationships between the Issuer and its stakeholders, as well as on anticipating investors’ expectations.

The Exchange offers its support to help the Issuer communicate more effectively with the market and better manage its listing, by closely monitoring the performance of its securities and enhancing its communication—primarily financial—towards shareholders, market participants, and all stakeholders. These services include:

  • Provision of a financial communications platform
  • Monthly dashboard summarizing the security’s performance
  • Ongoing intraday monitoring of the security
  • Dissemination of information and communications issued by the Issuer
  • Assistance with market communication and support in promoting the security
  • Awareness-building on market rules, techniques, and benefits

The Exchange provides the Issuer with a 230 m² conference space equipped with audio (sound system) and visual (video wall) infrastructure suitable for presentations, consisting of:

  • VIP lounge
  • Conference room (120 seats)
  • Recording area
  • Reception and snack area (excluding catering)
  • Equipment (video wall – 3 portable microphones – sound system, etc.)
  • Wi-Fi upon request
  • Event publication on the Exchange’s website

This facility is reserved exclusively for communications related to the Issuer’s stock market activities: financial communications, financial operations, and strategic transactions.

The Exchange produces a monthly summary dashboard containing information and indicators on the performance of securities during the previous month. This dashboard helps the issuer assess the stock market behavior of its securities and take the necessary accompanying measures to ensure that the market reflects the company’s fundamentals, that investors and shareholders are well-informed and not swayed by potential rumors or market manipulation, and that the security remains sufficiently liquid.

  • Trading data
  • Liquidity indicators
  • Valuation multiples
  • Price trends
  • Weight relative to the overall market and listed sectors/sub-sectors
  • Most active brokers on the security
  • Foreign investor activity

The Exchange provides the Issuer with a historical database containing the history of order books and transactions. The Issuer can thus access structured data in electronic format. The Exchange also offers the Issuer delayed market data (15 minutes) on its securities, including:

  • Latest prices
  • Order book
  • Top five bid/ask levels
  • Security status
  • Transaction history
  • Daily trading activity

The Exchange organizes thematic meetings on topics related to stock market developments and stock exchange listing.

The Exchange provides on-site training sessions for issuers’ staff, executives, and shareholders, in order to strengthen their connection to the performance of their listed securities and to bring them together around their shared interest with the issuing company. This support covers a wide range of topics, including:

  • Introduction to stock market mechanisms
  • Organization of the Tunisian financial market
  • Conduct of a trading session
  • Equity Savings Accounts (ESA)

Our Pricing

Type of Service

Price excl. VAT (TND)

Frequency / Unit
Provision of the Communications Center

1 000

Each event / communication
Subscription to the Issuer’s Monthly Report

600

Annual
Provision of a dedicated Ticker for the issuer (delayed data). Internal and website display

600

Annual
Historical Data (Electronic Format):

 

On demand
  • Price history per security for one year

50

  • Transaction history per security for one year

100

  • History of the top 5 bid/ask levels at closing per security for one year

100

  • Order history per security for one year

300

  • Corporate Actions (CA) over one year

100

  • Historical index data published by the Exchange

100

  • Specific request

To be discussed

Daily trading activity report (T+2)

1 000

Annual
Participation in workshops organized by the Exchange

1 000

Per person
Assistance in mastering stock market techniques (staff, executives, shareholders, etc.)

1 000

Per session
Assistance with market communication and promotion of the security

1 000

Per session

Note : All of the above services are free of charge for issuers who have signed the service protocol with the Tunis Stock Exchange.

Learn More

Stock Exchange Services & Pricing

Issuer Fees

Découvrir les commissions appliquées aux émetteurs

Issuer services

Tunis Stock Exchange supports issuers in managing their securities and developing their financial communications.