The week’s defining story across African stock markets today did not come from Johannesburg or Cairo, but from Tunis: the TUNINDEX is up 31.37% in 2026 at 17,669.81 points, by far the strongest visible year-to-date performance among the 7 exchanges in scope, just as Brent crude fell 7.6% over the week to $92.05 a barrel. That combination mattered because lower oil prices immediately improved the macro narrative for energy-importing markets such as Tunisia, Morocco, Kenya and, to a lesser extent, the WAEMU region represented by the BRVM.
Key figures
- TUNINDEX: +31.37% in 2026 at 17,669.81
- Brent crude: -7.6% on the week at $92.05/bbl
- MASI: +0.15% in 2026 at 18,874.97
- BRVM Composite: +1.7% in 2026 at 425.54
- EGX 30: 52,658.8; JSE All Share: 114,632.29
Market context: one continent, several market speeds
The end-of-week picture shows an African equity landscape moving at very different speeds, which is exactly why any serious Africa stock market analysis has to go beyond headline index moves. In North Africa, Tunis remains the clear leader, with sector gains of 41.14% for distribution and consumer services, 36.85% for industries and 33.18% for banks in 2026. Casablanca, by contrast, remains far more selective: the MASI is up only , the is down , while the has gained , pointing to a market where a handful of quality names are offsetting weakness in larger blue chips.