Tunis Stock Exchange — TUNINDEX Up 0.16% for June 8-12 Week as SOTETEL Jumps 5.2%
The TUNINDEX rose 0.16% in the week ended June 12, 2026 to 18,469.04 points, despite 33 decliners versus 23 gainers. SOTETEL led advancers with a 5.2% jump, while distribution and consumer services both fell 1.28%.
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Tunisia’s equity market ended the June 8-12, 2026 week with only a marginal gain, as the TUNINDEX closed at 18,469.04 points, up 0.16%, while the TUNINDEX20 added 0.19% to 8,180.69 points. That modest rise hid a weaker underlying tape than the headline suggested: 33 stocks fell, 23 rose and 19 were unchanged, showing a selective market where a handful of names were enough to keep the benchmark in positive territory.
The week’s message was straightforward. SOTETEL delivered the strongest move among the listed gainers, rising 5.2% to 14.45 TND, while consumer-linked segments slipped. The Distribution Index fell 1.28%, exactly matching the Consumer Services Index, down 1.28%, at a time when Brent crude dropped 7.8% over the week to $86.9 a barrel and the USD/TND climbed 2.38% to 2.9175. For anyone tracking the Tunis stock exchange today, that combination matters: lower oil should help Tunisia as a net energy importer, but a weaker dinar offsets part of that relief through higher import costs.
The first takeaway from this Tunisia market recap is the gap between index resilience and market breadth. With a majority of active names either falling or going nowhere, the TUNINDEX did not rise on broad participation. Instead, it was supported by selective strength in financials and parts of industry. Sector data show a clear pecking order: the Banking Index edged up 0.04%, taking its year-to-date gain to 40.71%, while the Financial Services Index stands at +40.23% YTD and the Insurance Index at +33.45% YTD.
That outperformance by financials has become one of the defining features of the Tunisia stock market in 2026. The reasons are not hard to trace. Banks and leasing companies still benefit from income-focused positioning, relatively defensive earnings profiles, and a market structure where dividend visibility carries unusual weight. At the same time, the EUR/TND rose 2.61% to 3.3766 and the USD/TND gained 2.38%, increasing pressure on import-heavy sectors and discretionary consumption. That helps explain why distribution and consumer services lagged this week even as the headline index stayed positive.
By contrast, domestically anchored producers and some export-linked names held up better. The Food and Beverage Index rose 0.96% on the closing session and is now up 36.6% year to date, while the Industrials Index reached 2,477.03 points, a gain of 37.56% YTD. In Tunisia’s case, lower oil prices are usually a macro positive because the country imports energy, reducing pressure on the trade balance and subsidy bill. But equity investors did not fully price that benefit this week because the dinar’s depreciation against both the dollar and the euro diluted part of the oil relief.
SOTETEL and announcement-driven trading set the tone
The clearest single-stock signal came from SOTETEL, which climbed 5.2% to 14.45 TND in a market that rewarded company-specific catalysts. That matters on the BVMT because, according to the CMF, regulatory filings and official statements remain the primary drivers of short-term rotation in a market with thinner analyst coverage than larger regional exchanges. In the same vein, TUNINVEST-SICAR advanced 4.2% to 50.0 TND after a press release published on June 11, underlining continued appetite for specialized financial names.
The opposite reaction was visible in ARTES, which dropped 5.9% to 13.55 TND, making it the sharpest loser among the highlighted names even after publishing its 2025 standalone and consolidated financial statements on June 11. That is a useful reminder that on the Tunis market, publication alone is not enough. Investors immediately test the quality of earnings against demand visibility, margin pressure and foreign-exchange exposure. For an auto distributor, the rise in EUR/TND to 3.3766 and USD/TND to 2.9175 directly affects import costs, which can squeeze margins or weigh on affordability for end customers.
Industrial names also sent mixed signals. ICF gained 3.6% to 115.0 TND, extending the strong run in basic materials, whose sector index is up 26.11% YTD at 8,568.23 points. But TPR fell 1.9% to 14.5 TND and Ciments de Bizerte lost 1.3% to 0.75 TND. The divergence is important because lower oil prices do not automatically lift every industrial stock. Potential savings on energy inputs can be offset by pricing pressure, financing needs, or weak domestic demand in specific sub-segments.
Consumer weakness contrasts with financial resilience
Consumer-facing sectors were the week’s second major story. The Distribution Index and Consumer Services Index both fell 1.28%, even though a few individual names tried to stabilize. City Cars slipped 0.9% to 26.5 TND, ARTES fell 5.9%, and Tunisair rose only 3.0% to 0.34 TND despite the pullback in Brent. That suggests the market is still cautious about how much of a short-term fuel-price decline can translate into a durable earnings improvement.
Financials again acted as the market’s shock absorber. Amen Bank rose 1.7% to 72.7 TND, Best Lease added 2.1% to 2.86 TND, Attijari Leasing gained 1.4% to 36.72 TND, and CIL climbed 1.4% to 36.3 TND. But the strength was not universal. UIB fell 1.8% to 29.8 TND, ATB lost 3.2% to 4.5 TND, STB dropped 3.4% to 5.91 TND, and Tunisie Leasing declined 1.9% to 40.8 TND. That internal split matters because it shows the TUNINDEX index is still being supported by financials, but stock selection is becoming more demanding as several sub-indices already show gains above 40% in 2026.
Dividend-related flows also shaped trading. ASTREE paid its dividend on June 10, while PGH and OTH announced dividend payments on June 9. Tunisian press reports said Poulina Group Holding approved a dividend of 0.670 TND per share, helping sustain interest in Poulina GP Holding, which rose 1.6% to 28.2 TND this week. In a market where cash returns remain a central part of the investment case, those distributions still provide a tangible support mechanism.
SOTUVER, SAH and SOTRAPIL keep filings in focus
The week also featured a dense batch of official announcements on June 11, including press releases from SOTRAPIL, SAH, TUNINVEST SICAR and SOTUVER. On the BVMT, those filings carry unusual weight because formal disclosures often substitute for the broader sell-side research coverage available in larger markets. SOTUVER remains closely watched after heavily discussed 2025 results, with several media outlets reporting a 78% jump in profit, although this week the market chose to reward more immediate catalysts elsewhere.
Other corporate actions added to the flow. Assurances Maghrebia launched a capital increase through reserve incorporation on June 10, while TELNET HOLDING published its 2025 financial statements on June 9 and held its annual general meeting on June 10. For readers following the market in real time, that concentration of filings matters because valuation gaps on the BVMT can close quickly once new information is released into a relatively shallow market.
Outlook: FX, oil and fresh filings will drive the next move
For the June 15-19, 2026 week, the key variables are less about index direction than about the forces shaping it. First, the USD/TND at 2.9175 and EUR/TND at 3.3766 will remain critical for importers, especially in autos, distribution and selected industrial names. Second, Brent at $86.9, down 7.8% over the week as U.S.-Iran peace talks continued, will need to hold its softer tone to improve the macro reading for an energy-importing economy like Tunisia. Third, investors will track the next wave of CMF filings, annual meetings and dividend payments, which remain the main fuel for sector rotation on the BVMT in mid-June 2026.
