IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.58% USD/MXN17.51▲ 0.67% USD/CLP946.21▲ 1.13% USD/COP3,201▼ 0.81% USD/PEN3.39▼ 0.25% USD/ARS1,490▲ 0.46% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.23% BRENT 100.95 ▲ 7.31% WTI 92.50 ▲ 6.53% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.81% GOLD 4,051 ▼ 2.31% SILVER 58.10 ▼ 3.21% SOY 1,247 ▲ 1.14% CORN 488.50 ▲ 5.74% WHEAT 701.75 ▼ 0.57% COFFEE 310.10 ▼ 2.07% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 146.00 ▼ 2.86% COTTON 81.53 ▲ 2.08% COCOA 5,364 ▲ 0.68% BEEF 220.73 ▼ 1.11% CATTLE 339.83 ▼ 0.40% LITHIUM 69.14 ▲ 0.20% PETR4 43.22 ▲ 1.50% VALE3 76.14 ▲ 1.38% ITUB4 42.37 ▼ 1.24% BBDC4 18.77 ▼ 1.05% ABEV3 15.90 ▼ 1.43% BBAS3 20.88 ▼ 1.00% B3SA3 15.59 ▼ 1.95% WEGE3 45.01 ▼ 3.70% PRIO3 61.13 ▲ 2.28% SUZB3 41.98 ▼ 1.59% RENT3 37.11 ▼ 0.08% AZZA3 17.27 ▼ 3.03% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.84 ▲ 3.27% GMAT3 3.89 ▼ 0.51% PSSA3 55.32 ▼ 0.23% CVCB3 1.29 ▲ 1.57% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.64 ▼ 0.46% BRKM5 6.10 ▲ 0.49% RANI3 7.93 ▼ 0.88% CSNA3 5.43 ▲ 0.93% CMIN3 5.89 ▲ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.25 ▲ 0.79% ENEV3 25.57 ▼ 1.54% CPFE3 46.19 ▼ 1.11% CMIG4 11.16 ▼ 0.45% EQTL3 38.76 ▼ 1.50% LREN3 13.30 ▼ 1.77% VIVT3 34.62 ▼ 2.15% RAIL3 13.98 ▲ 2.49% KLABIN 17.58 ▼ 1.95% RAIA DROGASIL 18.39 ▲ 0.55% RDOR3 33.86 ▼ 1.83% HAPV3 10.92 ▼ 4.13% FLRY3 16.61 ▼ 0.24% SMTO3 16.05 — 0.00% UGPA3 32.96 ▲ 0.40% VBBR3 35.31 ▲ 0.94% BBSE3 42.50 ▼ 0.19% BPAC11 56.08 ▼ 1.65% CURY3 29.61 ▼ 1.95% AERI3 2.04 ▼ 0.49% VIVARA 21.53 ▼ 0.09% COMPASS 24.90 ▲ 0.36% VAMOS 3.20 ▼ 0.93% SANB11 26.64 ▼ 1.15% ASAI3 8.11 ▼ 3.45% SBSP3 28.79 ▼ 1.71% WALMEX 47.31 ▼ 2.75% GMEXICO 210.79 ▼ 1.96% FEMSA 223.83 ▼ 1.72% CEMEX 21.75 ▼ 1.89% GFNORTE 191.07 ▼ 0.29% BIMBO 59.61 ▼ 1.14% TELEVISA 9.91 ▲ 0.92% AMX 22.82 ▲ 0.57% GAP 377.70 ▲ 0.26% ASUR 272.04 ▼ 0.55% OMA 228.93 ▲ 0.10% KOF 180.74 ▼ 1.05% GRUMA 272.50 ▼ 2.83% KIMBER 39.29 ▲ 1.21% SQM-B 66,681 ▲ 2.50% COPEC 6,455 ▼ 1.46% BSANTANDER 79.67 ▼ 0.23% FALABELLA 6,060 ▲ 0.30% ENELAM 84.50 ▼ 0.04% CENCOSUD 1,983 ▼ 1.33% CMPC 1,056 ▼ 1.31% BANCO CHILE 192.30 ▼ 0.62% LATAM AIR 23.59 ▼ 2.08% YPF 83,250 ▲ 0.91% GGAL 8,055 ▼ 2.66% PAMPA 5,675 ▲ 0.89% TXAR 674.00 ▲ 0.90% ALUAR 978.00 ▲ 0.41% TGS 10,050 ▲ 1.46% CEPU 2,428 ▲ 0.71% MIRGOR 16,950 ▲ 0.15% COME 42.80 ▼ 0.79% LOMA NEGRA 3,803 ▼ 0.20% BYMA 294.25 ▼ 0.42% TELECOM ARG 4,298 ▼ 2.77% ECOPETROL 16.72 ▲ 0.18% BANCOLOMBIA 86.04 ▲ 1.63% GRUPO AVAL 4.90 ▼ 2.82% CREDICORP 390.21 ▼ 0.88% SOUTHERN COPPER 186.23 ▼ 4.73% BUENAVENTURA 31.16 ▼ 2.90% MERCADOLIBRE 1,797 ▼ 0.15% NUBANK 14.25 ▼ 1.83% XP 17.11 ▼ 1.13% PAGSEGURO 9.44 ▼ 2.43% STONE 11.02 ▼ 2.99% GLOBANT 30.16 ▼ 1.68% TECNOGLASS 44.04 ▼ 2.61% GAP AIRPORT 217.12 ▼ 0.19% ASUR 272.04 ▼ 0.55% OMA AIRPORT 104.78 ▼ 0.54% AMX ADR 26.09 ▼ 0.11% FEMSA ADR 127.96 ▼ 2.26% CEMEX ADR 12.42 ▼ 2.40% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.96 ▲ 0.71% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.91% GERDAU 4.77 ▲ 0.00% LATAM ADR 49.81 ▼ 2.83% BTC 64,702 ▼ 2.12% ETH 1,887 ▼ 2.42% SOL 75.90 ▼ 2.58% XRP 1.11 ▼ 3.01% BNB 566.65 ▼ 0.72% ADA 0.17 ▼ 2.70% DOGE 0.07 ▼ 4.51% AVAX 6.43 ▼ 2.83% LINK 8.49 ▼ 1.57% DOT 0.81 ▼ 2.78% LTC 46.55 ▼ 1.11% BCH 211.95 ▼ 3.65% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.51% HBAR 0.07 ▼ 0.80% NEAR 1.89 ▲ 0.97% ATOM 1.43 ▼ 2.49% AAVE 95.98 ▼ 1.41% SELIC 14.25% EMBRAER 83.47 ▼ 0.38% EMBRAER ADR 65.80 ▼ 0.38% JBS 12.05 ▼ 1.67% JBS BDR 61.16 ▼ 1.04% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.49 ▼ 3.60% EGX 53,932 ▼ 0.11% USD/ZAR16.79▲ 2.40% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.75▲ 0.37% USD/CNY6.77▼ 0.10% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.28% GBP/USD1.33▼ 0.42% SPX 7,410 ▼ 1.19% DJI 51,731 ▼ 0.93% NDX 28,480 ▼ 1.79% RUT 2,937 ▼ 0.77% TSX 35,187 ▼ 0.84% VIX 19.37 ▲ 16.41% USD/CAD1.41▼ 0.09% US10Y 4.6930 ▲ 0.77% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.58% USD/MXN 17.51 ▲ 0.67% USD/CLP 946.21 ▲ 1.13% USD/COP 3,201 ▼ 0.81% USD/PEN 3.39 ▼ 0.25% USD/ARS 1,490 ▲ 0.46% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.23% BRENT 100.95 ▲ 7.31% WTI 92.50 ▲ 6.53% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.81% GOLD 4,051 ▼ 2.31% SILVER 58.10 ▼ 3.21% SOY 1,247 ▲ 1.14% CORN 488.50 ▲ 5.74% WHEAT 701.75 ▼ 0.57% COFFEE 310.10 ▼ 2.07% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 146.00 ▼ 2.86% COTTON 81.53 ▲ 2.08% COCOA 5,364 ▲ 0.68% BEEF 220.73 ▼ 1.11% CATTLE 339.83 ▼ 0.40% LITHIUM 69.14 ▲ 0.20% PETR4 43.22 ▲ 1.50% VALE3 76.14 ▲ 1.38% ITUB4 42.37 ▼ 1.24% BBDC4 18.77 ▼ 1.05% ABEV3 15.90 ▼ 1.43% BBAS3 20.88 ▼ 1.00% B3SA3 15.59 ▼ 1.95% WEGE3 45.01 ▼ 3.70% PRIO3 61.13 ▲ 2.28% SUZB3 41.98 ▼ 1.59% RENT3 37.11 ▼ 0.08% AZZA3 17.27 ▼ 3.03% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.84 ▲ 3.27% GMAT3 3.89 ▼ 0.51% PSSA3 55.32 ▼ 0.23% CVCB3 1.29 ▲ 1.57% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.64 ▼ 0.46% BRKM5 6.10 ▲ 0.49% RANI3 7.93 ▼ 0.88% CSNA3 5.43 ▲ 0.93% CMIN3 5.89 ▲ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.25 ▲ 0.79% ENEV3 25.57 ▼ 1.54% CPFE3 46.19 ▼ 1.11% CMIG4 11.16 ▼ 0.45% EQTL3 38.76 ▼ 1.50% LREN3 13.30 ▼ 1.77% VIVT3 34.62 ▼ 2.15% RAIL3 13.98 ▲ 2.49% KLABIN 17.58 ▼ 1.95% RAIA DROGASIL 18.39 ▲ 0.55% RDOR3 33.86 ▼ 1.83% HAPV3 10.92 ▼ 4.13% FLRY3 16.61 ▼ 0.24% SMTO3 16.05 — 0.00% UGPA3 32.96 ▲ 0.40% VBBR3 35.31 ▲ 0.94% BBSE3 42.50 ▼ 0.19% BPAC11 56.08 ▼ 1.65% CURY3 29.61 ▼ 1.95% AERI3 2.04 ▼ 0.49% VIVARA 21.53 ▼ 0.09% COMPASS 24.90 ▲ 0.36% VAMOS 3.20 ▼ 0.93% SANB11 26.64 ▼ 1.15% ASAI3 8.11 ▼ 3.45% SBSP3 28.79 ▼ 1.71% WALMEX 47.31 ▼ 2.75% GMEXICO 210.79 ▼ 1.96% FEMSA 223.83 ▼ 1.72% CEMEX 21.75 ▼ 1.89% GFNORTE 191.07 ▼ 0.29% BIMBO 59.61 ▼ 1.14% TELEVISA 9.91 ▲ 0.92% AMX 22.82 ▲ 0.57% GAP 377.70 ▲ 0.26% ASUR 272.04 ▼ 0.55% OMA 228.93 ▲ 0.10% KOF 180.74 ▼ 1.05% GRUMA 272.50 ▼ 2.83% KIMBER 39.29 ▲ 1.21% SQM-B 66,681 ▲ 2.50% COPEC 6,455 ▼ 1.46% BSANTANDER 79.67 ▼ 0.23% FALABELLA 6,060 ▲ 0.30% ENELAM 84.50 ▼ 0.04% CENCOSUD 1,983 ▼ 1.33% CMPC 1,056 ▼ 1.31% BANCO CHILE 192.30 ▼ 0.62% LATAM AIR 23.59 ▼ 2.08% YPF 83,250 ▲ 0.91% GGAL 8,055 ▼ 2.66% PAMPA 5,675 ▲ 0.89% TXAR 674.00 ▲ 0.90% ALUAR 978.00 ▲ 0.41% TGS 10,050 ▲ 1.46% CEPU 2,428 ▲ 0.71% MIRGOR 16,950 ▲ 0.15% COME 42.80 ▼ 0.79% LOMA NEGRA 3,803 ▼ 0.20% BYMA 294.25 ▼ 0.42% TELECOM ARG 4,298 ▼ 2.77% ECOPETROL 16.72 ▲ 0.18% BANCOLOMBIA 86.04 ▲ 1.63% GRUPO AVAL 4.90 ▼ 2.82% CREDICORP 390.21 ▼ 0.88% SOUTHERN COPPER 186.23 ▼ 4.73% BUENAVENTURA 31.16 ▼ 2.90% MERCADOLIBRE 1,797 ▼ 0.15% NUBANK 14.25 ▼ 1.83% XP 17.11 ▼ 1.13% PAGSEGURO 9.44 ▼ 2.43% STONE 11.02 ▼ 2.99% GLOBANT 30.16 ▼ 1.68% TECNOGLASS 44.04 ▼ 2.61% GAP AIRPORT 217.12 ▼ 0.19% ASUR 272.04 ▼ 0.55% OMA AIRPORT 104.78 ▼ 0.54% AMX ADR 26.09 ▼ 0.11% FEMSA ADR 127.96 ▼ 2.26% CEMEX ADR 12.42 ▼ 2.40% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.96 ▲ 0.71% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.91% GERDAU 4.77 ▲ 0.00% LATAM ADR 49.81 ▼ 2.83% BTC 64,702 ▼ 2.12% ETH 1,887 ▼ 2.42% SOL 75.90 ▼ 2.58% XRP 1.11 ▼ 3.01% BNB 566.65 ▼ 0.72% ADA 0.17 ▼ 2.70% DOGE 0.07 ▼ 4.51% AVAX 6.43 ▼ 2.83% LINK 8.49 ▼ 1.57% DOT 0.81 ▼ 2.78% LTC 46.55 ▼ 1.11% BCH 211.95 ▼ 3.65% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.51% HBAR 0.07 ▼ 0.80% NEAR 1.89 ▲ 0.97% ATOM 1.43 ▼ 2.49% AAVE 95.98 ▼ 1.41% SELIC 14.25% EMBRAER 83.47 ▼ 0.38% EMBRAER ADR 65.80 ▼ 0.38% JBS 12.05 ▼ 1.67% JBS BDR 61.16 ▼ 1.04% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.49 ▼ 3.60% EGX 53,932 ▼ 0.11% USD/ZAR 16.79 ▲ 2.30% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.77 ▲ 0.42% USD/CNY 6.7658 ▲ 0.03% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1380 ▼ 0.25% GBP/USD 1.3321 ▼ 0.41% SPX 7,410 ▼ 1.19% DJI 51,731 ▼ 0.93% NDX 28,480 ▼ 1.79% RUT 2,937 ▼ 0.77% TSX 35,187 ▼ 0.84% VIX 19.37 ▲ 16.41% USD/CAD 1.4079 ▼ 0.02% US10Y 4.6930 ▲ 0.77%
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Africa Northern Africa

Tunisia’s Kais Saied Wins Landslide Victory in Presidential Election

By · October 7, 2024 · 2 min read

Africa Intelligence

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Tunisia’s political landscape has shifted dramatically with President Kais Saied’s re-election.

The incumbent secured a resounding victory, garnering 89.2% of the votes in the recent presidential election. This outcome has solidified Saied’s grip on power and raised questions about Tunisia’s democratic future.

The election, held on October 6, 2024, saw a low voter turnout of 27.7%, a significant decline from the 45% participation in 2019’s first round. Despite reduced engagement, Saied’s victory was decisive against his two opponents.

Ayachi Zammel, a 47-year-old liberal industrialist, secured 6.9% of the votes. Zouhair Maghzaoui, a 59-year-old former deputy from the pan-Arab left, received 3.9%.

These results were reported by the Sigma Conseil Institute and broadcast on national television. Saied’s path to victory began in 2019 when he first assumed the presidency.

Tunisia's Kais Saied Wins Landslide Victory in Presidential Election
Tunisia’s Kais Saied Wins Landslide Victory in Presidential Election. (Photo Internet reproduction)
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In July 2021, he dissolved the democratically elected parliament, consolidating his power. He later introduced a new constitution expanding presidential powers while reducing institutional checks and balances.

Saied’s Leadership and Economic Challenges

The election process has come under scrutiny. The election commission restructured under Saied’s control in 2022, and approved only three candidates, compared to 26 in 2019.

Many opposition figures are currently imprisoned on various charges. Tunisia’s economic challenges have persisted under Saied‘s leadership.

Unemployment remains high at around 16%, and food inflation is approximately 10%. The country has yet to recover to pre-pandemic levels of real GDP.

Exit polls revealed strong support for Saied across all education levels and genders. He received 90.1% of votes from those without formal education and 86.1% from university-educated voters.

Gender-wise, 88.3% of male voters and 90.4% of female voters supported Saied. The international community is closely monitoring these developments in Tunisia, once hailed as the Arab world’s sole democracy following the Arab Spring.

As Tunisia moves forward under Saied’s continued leadership, the country faces the challenge of balancing economic recovery and political stability.

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