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Tunisia Stocks Drop Most in Two Years on Riots; Poulina Falls

Tunisian stocks tumbled the most in more than two years as violence escalated, forcing the government to impose a night-time curfew. The cost of insuring debt sold by the North African country’s central bank rose to the highest since July 2009.

The Tunindex slumped 4.1 percent, the most since Oct. 6, 2008, to 4,534.88 at the 2:10 p.m. close in the capital Tunis. That brought the four-day drop to 13 percent. Banque de Tunisie, the country’s second-biggest publicly traded lender by market value, retreated to the lowest level in almost a year. Poulina Group, which operates in the agricultural industry, fell 4.4 percent. Credit default swaps soared 34 basis points this week to 157 today, the highest since July 30, 2009, according to CMA prices.