The week’s defining story across African stock markets today did not come from Johannesburg or Casablanca, but from Tunis, where the TUNINDEX closed at 20,038.09 points, taking its gain to 48.98% in 2026. At a pan-African level, that outperformance stands in sharp contrast with Casablanca’s MASI, still down 5.32% year-to-date at 17,843.7 points, while the BRVM Composite is up only 1.7% and Brent crude at $90.12 a barrel has reshuffled sector leadership in favor of energy and commodity-linked names.
What this week really confirmed was a widening split between, on one side, exchanges driven by financials re-rating and domestic earnings visibility, and on the other, markets more exposed to currency pressure, cost-of-capital concerns and the digestion of capital-market transactions. The dollar traded at 2.9345 TND in Tunisia, 51.1 EGP in Egypt, 16.5438 ZAR in South Africa, 1,364.2 NGN in Nigeria and 129.25 KES in Kenya, creating very different valuation responses depending on each market’s sector mix.
Key figures
- TUNINDEX: 20,038.09 points, up 48.98% in 2026
- Brent crude: $90.12/bbl, up 2.0% for the week
- MASI: 17,843.7 points, down 5.32% in 2026
- BRVM Composite: 482.65 points, up