The Tunisian equity market ended the week through Thursday, April 16, 2026 on a firm footing, with the TUNINDEX at 15,716.25 points, up 0.63% on the last available session and 16.85% year-to-date. The headline move, however, came from STIP, whose shares surged 236.8% to 11.89 TND, in a market where 62 stocks rose, against just 10 decliners and 3 unchanged.
That mix of index gains, exceptionally strong breadth and explosive moves across several mid- and small-cap names offers a striking snapshot of the Tunisia stock market in April 2026. This was not a one-stock tape. The advance spread across industrials, building materials, food names and selected financials, even as a few defensive and more fragile counters lagged behind.
Key figures
- TUNINDEX: 15,716.25, +0.63%, +16.85% YTD
- STIP: +236.8% to 11.89 TND
- Market breadth: 62 advancers / 10 decliners / 3 unchanged
- Monoprix turnover: 226.3 million TND, +16.7%
- Sotuver turnover: 212.0 million TND, +28.4%
Market context: broad gains as cyclicals take the lead
For readers tracking the TUNINDEX index closely, the latest week confirms a rally that has already become substantial in 2026. The TUNINDEX20 rose 0.70% to 6,977.93 points, taking its year-to-date gain to 16.78%, which matters because it shows large caps participated alongside more speculative names. The banking index added 0.72% to 11,321.58, while the broader financial companies index rose 0.62% to 12,153.45. By contrast, the financial services index slipped 0.31% to 21,189.38, pointing to internal rotation rather than a uniform move across all finance-related stocks.
Sector leadership came from building and construction materials, up 2.27% to 826.41, followed by food and beverages at +1.27% to 17,202.31, and consumer goods at +0.95% to 13,279.62. The industrials index gained 0.49% to 2,098.42. On the weaker side, basic materials fell 0.70% to 7,682.37, household and personal care products lost 0.29% to 3,531.95, and distribution edged down 0.17% to 9,644.31 on the last session, despite still being up 22.82% year-to-date.
That sector pattern makes sense in the current macro backdrop. Brent crude dropped to $86.5 a barrel, down 12.9% on the week, easing pressure on Tunisia’s energy import bill. At the same time, the USD/TND fell 0.50% to 2.8645 and the EUR/TND declined 0.56% to 3.3844, marginally lowering the local-currency cost of imported inputs. For a net energy importer such as Tunisia, that combination matters. It helps explain why investors were willing to re-rate industrial, consumer and construction-linked names: lower oil and a firmer dinar can improve margin expectations and reduce macro stress at the same time.
STIP steals the spotlight, but the rally was much broader
The defining market story was the jump in STIP, which soared 236.8% to 11.89 TND. A move of that magnitude is rare on any exchange over a single week, and on the Tunis market it inevitably drew attention to lower-float industrial names where price swings can be amplified. But framing the week as only a STIP story would miss the bigger picture.
Among the top gainers, STA climbed 66.6% to 62.39 TND, SOTETEL rose 57.4% to 8.20 TND, TELNET HOLDING advanced 53.4% to 10.49 TND, SOMOCER gained 52.3% to 0.67 TND, and Poulina GP Holding added 38.1% to 25.55 TND. AMV rose 36.4%, BTE (ADP) 36.3%, Délice Holding 35.6%, ATL 32.8%, Ciments de Bizerte 32.7%, Assurances Maghrebia 32.7%, Smart Tunisie 30.1%, SIAME 29.6%, and BIAT 29.5% to 143.78 TND.
The spread of gains across tyres, telecom engineering, technology, materials, food, insurance and banking points to a broader repricing of Tunisian equities rather than a single sector-specific catalyst. According to filings published by the CMF and the exchange, the week also saw 20 official announcements between April 13 and April 16, keeping the information flow active across names that often receive limited analyst coverage. On a market like Tunis, where formal research coverage is thinner than in larger regional exchanges, regulatory disclosures can have a more immediate impact on price discovery.
Turnover tells its own story: Monoprix and Sotuver dominate activity
The second major takeaway from the week was turnover. Monoprix posted 226.3 million TND in traded value while rising 16.7%, and Sotuver recorded 212.0 million TND as it gained 28.4%. Those are extraordinary figures by Tunis standards and strongly suggest exceptional block activity, especially in Sotuver, where African Manager reported ownership changes through four block trades.
The rest of the turnover table reinforces the point that the rally was not purely optical. TELNET HOLDING traded 2.42 million TND, Carthage Cement 1.72 million TND, and Poulina GP Holding 1.48 million TND. When stocks rise 53.4%, 8.5% or 38.1% on meaningful value traded, the signal is stronger than a thinly traded spike. That matters in any serious Tunisia market recap, because liquidity remains one of the clearest filters for separating genuine repositioning from technical noise.
CMF filings and issuer announcements shaped the week’s narrative
On the regulatory front, the week was dense. On April 16, the market saw the updated reference document for DAAM TAMWEEL 2025 and the offering note for the issuance and listing of DAAM SUBORDONNE 2026-1, a subordinated bond. The same day also brought disclosures involving STB Bank, Tunisie Leasing et Factoring, Best Lease, and several Smart-managed funds.
On April 15, the flow included announcements from UBCI, BH Assurance, SPDIT SICAF and Attijari Premium SICAV. On April 14, the market received financial statements from Groupe BIAT and BIAT, both important because of the banking sector’s weight in the Tunis market. On April 13, MPBS launched a call for applications for two independent directors, while Essoukna published its first-quarter 2026 indicators. In Tunisia, these filings matter disproportionately: they provide governance, financing and operating signals in a market where investors rely heavily on CMF documentation.
Banking remains central to the market’s structure. The banks index is up 17.08% year-to-date, ahead of the insurance index at 12.9% and slightly above the financial companies index at 16.58%. That outperformance reflects the weight of private-sector lenders such as BIAT and Attijari Bank, but also a macro reading: lower oil and a softer dollar can improve visibility on Tunisia’s external balances, which in turn supports sentiment toward domestic financials.
Weak pockets show the market is still highly selective
Despite the overwhelmingly positive breadth, the week also produced sharp declines in a handful of names. UADH fell 28.3% to 0.43 TND, Cellcom dropped 24.7% to 2.50 TND, MPBS lost 6.1% to 8.25 TND, Assad declined 5.7% to 3.00 TND, Modern Leasing fell 5.5% to 3.75 TND, Unimed dropped 4.2% to 9.05 TND, and Simpar also lost 4.2% to 34.40 TND. Euro-Cycles slipped 3.1%, BH fell 2.9%, and SAH eased just 0.4%.
Those losses are a reminder that the market remains selective. More leveraged stories, companies facing operational pressure, or stocks that had already rerated sharply are not benefiting equally from the broader improvement in sentiment. Unimed’s decline, after a reported 11.2 million TND block trade earlier in the week according to Tustex, also underlines a key point: heavy volume does not automatically translate into sustained upside.
Outlook: watch filings, funding operations and the oil-FX mix
In the coming week, the focus will remain on the regulatory and financial publication calendar, especially across banks, leasing, insurance and real estate names, which already generated a large share of the news flow between April 13 and April 16. The market will also track the next steps around DAAM SUBORDONNE 2026-1, governance developments at MPBS and SPDIT SICAF, and any further detail from BIAT, STB Bank or Tunisie Leasing et Factoring.
On the macro side, the path of Brent at $86.5, USD/TND at 2.8645 and EUR/TND at 3.3844 will remain central to interpreting the next phase. For a net energy importer like Tunisia, a near-13% weekly drop in oil can influence expectations around the trade deficit, energy subsidies and, indirectly, listed companies’ margins. That global-to-local transmission mattered at least as much as the spectacular STIP move in shaping the week through Thursday, April 16, 2026.