Tunis Stock Exchange — TUNINDEX Gains 1.30% for June 22-26 Week as SOTETEL, AMV Jump 6%
The TUNINDEX rose 1.30% in the June 22-26, 2026 week, helped by rotation into telecoms, insurance and financials. SOTETEL and AMV both climbed 6%, while a 7.4% weekly drop in Brent crude provided a supportive macro backdrop for Tunisian equities.
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Tunis equities ended the June 22-26, 2026 week on a firm footing, with the TUNINDEX at 19,807.27 points, up 1.30% on Friday’s session and capping a constructive week for the broader market. The move was driven by a visible rotation into telecoms, insurance and selected financial names, while a 7.4% weekly drop in Brent crude to $72.12 a barrel improved the macro backdrop for Tunisia, a net energy importer.
That mix of supportive macro conditions and selective buying also lifted the TUNINDEX20 to 8,800.08 points, up 1.44% on the day, while market breadth stayed healthy with 35 advancers, 22 decliners and 18 unchanged stocks out of 75 listed lines tracked. For retail readers following the Tunis stock exchange today, the key takeaway is not only that the benchmark rose, but that gains spread across several cyclical and financial pockets of the market.
- EUR/TND: 3.3644, up 2.86%; USD/TND: 2.9475, up 0.46%
Market context: financials remain strong, materials still outperforming
Sector data show that the week reinforced the dominance of compartments that have already led the market in 2026. The banking index rose 1.70% on Friday and is now up 54.73% year-to-date, comfortably ahead of the TUNINDEX, which stands at +47.27% for the year. The financial services index added 1.62% on the day to bring its 2026 gain to 53.36%, while the insurance index climbed 2.22%, taking its year-to-date performance to 42.53%.
Real-economy sectors also remained well bid. The basic materials index advanced 1.72% on Friday and is now up 39.19% since January, while the construction and building materials index gained 0.89% for a year-to-date rise of 13.13%. The food and beverage index added 0.72% and remains one of the exchange’s pillars at +37.19% in 2026, while both the distribution index and the consumer services index are up 44.48% year-to-date.
That matters for any serious Tunisia market recap because the rally is no longer just a bank trade. It now includes insurers, distributors, materials names and selected industrial stocks, suggesting a broader re-rating of Tunisian assets rather than a narrow catch-up move. Market data show the industrials index at +45.58% year-to-date, almost matching financials.
Main story: SOTETEL and AMV highlight a more selective sector rotation
The week’s clearest signal came from the leaderboard of gainers, topped by names that were not at the center of the previous market leg. SOTETEL jumped 6.0% to 24.03 TND, matching the gain in AMV, which also rose 6.0% to 10.46 TND. Behind them, SOTUMAG gained 5.9% to 15.10 TND, though that stock has already featured prominently in recent coverage and is not the main angle this week.
Why does leadership from SOTETEL and AMV matter? First, it shows that money is rotating into less crowded areas of the market. SOTETEL, with exposure to telecom infrastructure and technology services, tends to benefit when investors look for digitalization and network-upgrade themes. In a market where banks have already rallied more than 54% year-to-date, a 6.0% move in a secondary leadership name often signals a search for new performance drivers. AMV, meanwhile, fits neatly into the strength of the insurance segment, whose index rose 2.22% on Friday and 42.53% since the start of the year.
The macro backdrop strengthens that interpretation. Tunisia remains highly sensitive to its energy bill, and Brent’s 7.4% weekly decline mechanically eases, at least in market perception, pressure on hydrocarbon imports, energy subsidies and the external balance. That relief was partly offset by a stronger euro against the dinar, with EUR/TND up 2.86% to 3.3644, and by a 0.46% rise in USD/TND to 2.9475. For import-heavy companies in retail and industry, a stronger euro raises input costs. In other words, lower oil helps Tunisia’s macro story, but dinar weakness against the euro limits part of that benefit at the company level.
Supporting stories: insurers, paper, leasing and banks broaden the advance
Beyond SOTETEL and AMV, the week produced a broad list of notable gainers:
The simultaneous presence of insurers, banks, a paper producer and an industrial gas company shows that the TUNINDEX index is not being carried by a single engine. Financials still provide depth, but names such as SOTIPAPIER and AIR LIQUIDE TSIE also point to demand for more defensive or domestic-demand-linked stories.
CMF filings and corporate announcements shaped the week
As is often the case on the Tunisia stock market, regulatory filings were central to the week’s news flow. According to the CMF, the market saw around 20 official announcements, including press releases on STAR on June 19 and June 25, a call for applications to appoint an independent director at CIL on June 25, a BNA press release on June 25, and a statement from EURO-CYCLES on June 22.
CARTHAGE CEMENT also drew attention after a press release published on June 24. According to African Manager and Tustex, the company approved a 0.065 TND dividend per share for the 2025 financial year, with payment scheduled for August 12, 2026. Trade press also reported a 55 million dinar profit target for 2026. Even if the stock was not among the biggest movers in the reference session, that kind of announcement matters in Tunisia, where dividend visibility and cash-flow clarity remain key valuation anchors.
Consolidated financial statements also fed the week’s narrative. On June 23, filings were published for GROUPE LAND’OR and GROUPE ASSAD for the year ended December 31, 2025, according to the official calendar. The same regulatory stream included communications involving Monoprix, SMART Tunisie, SPDIT-SICAF, STB, Tunis Re and Ciments de Bizerte, underlining again that on the BVMT, reading CMF disclosures is often more useful than following market noise alone.
Decliners: discretionary consumption and selected industrials lagged
Losses were relatively contained, reinforcing the week’s positive bias. EURO-CYCLES slipped 0.8% to 12.57 TND, matching the 0.8% decline in SMART Tunisie at 28.33 TND. TELNET HOLDING fell 0.9% to 12.60 TND, MPBS lost 0.9% to 10.40 TND, and SOTUVER dropped 1.2% to 28.60 TND, despite press reports from Tustex that group net profit reached 46 million dinars in 2025, up 10%.
The sharpest declines hit ARTES, down 3.0% to 13.05 TND, SOTRAPIL at -3.7% to 36.60 TND, TUNINVEST-SICAR at -3.9% to 50.00 TND, SANIMED at -4.3% to 0.45 TND, STIP at -4.5% to 10.27 TND, and MAGASIN GENERAL at -4.5% to 13.37 TND. That dispersion is a reminder that a rising benchmark does not erase stock-specific fragilities, especially in names exposed to consumer demand, imported-cost pressure or operational issues.
Outlook: oil, FX and CMF disclosures are the next catalysts to watch
For the week after June 26, 2026, three variables stand out. First is oil: Brent holding near $72 would be a more supportive macro input for Tunisia than a rapid rebound toward recent highs. Second is foreign exchange: with EUR/TND at 3.3644 and USD/TND at 2.9475, the dinar’s path will remain central to assessing importer margins and the energy bill. Third is the regulatory calendar: CMF disclosures will continue to shape the Tunis stock exchange today narrative, especially around dividends, financial statements and issuer updates from names such as CARTHAGE CEMENT, STAR, CIL and Monoprix. For context, readers can revisit our earlier coverage here: Bourse de Tunis — Les financières flambent, l’indice bancaire +2,94% propulse le TUNINDEX à +2,09%.
