The most telling move on the Tunis stock exchange today was not just the 5.9% jump in STB to 5.91 TND. It was the way that rally fitted into a broader rotation toward financial names, lifting the TUNINDEX by 0.72% to 17,223.15 and the TUNINDEX20 by 0.77% to 7,631.52, with market breadth firmly positive at 39 gainers, 16 losers and 20 unchanged.
That advance matters even more because it came against a mixed macro backdrop. Brent crude remained elevated at $104.97 a barrel, down 0.6% on the day but still up 0.7% on the week, a level that continues to weigh on Tunisia as a net energy importer. At the same time, the dinar strengthened, with USD/TND at 2.879, down 0.55%, and EUR/TND at 3.3614, down 1.09%. For listed banks and financial companies, that FX relief can ease part of the imported cost pressure and inflation narrative, even if it does not offset the drag from high oil prices.
Key figures
- STB +5.9% at 5.91 TND
- TUNINDEX +0.72% at 17,223.15
- Financial Services Index +1.47%