The number that defined African stock markets today this week did not come from oil, but from Tunis: the TUNINDEX closed at 19,807.27 points, up 1.30% on Friday and 47.27% in 2026, far ahead of every other major exchange on the continent. At the same time, Brent crude fell 7.6% over the week to $71.99 a barrel, according to The Commodities Feed, easing the macro burden on energy importers while complicating the picture for more commodity-linked markets such as Johannesburg and Lagos.
Key figures
- TUNINDEX: 19,807.27 points, +47.27% in 2026
- Brent: $71.99/bbl, -7.6% for the week
- BRVM Composite: 449.82 points, +1.7% in 2026
- MASI: 18,022.08 points, -4.37% in 2026
- NSE 25: 6,184.12 points, +1.35% on the day
Market context: Africa’s exchanges are moving at very different speeds
The week ended with a sharply uneven map across African bourses. In North Africa, Tunis widened its lead again, with the TUNINDEX20 at 8,800.08 points, also up 47.27% in 2026, driven by banks, insurers and industrials. Casablanca was much more cautious: the MASI slipped 0.15% to 18,022.08 points, leaving it down , while the remained weaker at in 2026. In Cairo, the fell to , suggesting a market consolidating after months of nominal repricing in EGP. In sub-southern Moroccan Africa, the week’s relative winners were francophone West Africa and Nairobi. The rose on the day to , with the and a , according to BRVM data. In Nairobi, the advanced to , helped by outsized moves in several mid-cap names. By contrast, Johannesburg lost on the at , while Lagos fell on the , listed at in the supplied data, amid sector rotation and continued pressure on the naira, with , up on the day. That divergence matters because the macro backdrop was not neutral