Tunisian Stock Market Sees 4% Revenue Growth in Q1 2026
The Tunis Stock Exchange (BVMT) has released its report on the evolution of indices and revenues of listed companies for the first quarter of 2026, showing a 4% increase in total revenue compared to the same period in 2025. The total revenue of listed companies reached 6.4 billion dinars, up from 6.1 billion dinars in 2025.
Key Highlights
- 52 out of 69 listed companies (75% of the total) reported revenue growth, with 92% of the market participating.
- The Tunindex index rose by 14.2% at the end of the quarter, compared to 10.3% in the same period in 2025.
- The Tunindex20 index increased by 14%, following a performance of 11.7% in the same period in 2025.
- The top 20 companies in the Tunindex20 index accounted for 63% of the total revenue, with a 3.5% increase compared to the first quarter of 2025.
Sectoral Performance
- The telecommunications sector saw the highest growth with 11.3%, followed by the financial sector with 7.1%.
- The materials sector saw the largest decline with 23.6%, followed by the oil and gas sector with 17.4% and the health sector with 7%.
- The financial sector, including banks, insurance companies, and financial services, saw a 7.1% increase in revenue.
- The consumer goods sector saw a 1.3% increase in revenue, with the agro-food sector seeing a 1.9% increase.
- The industries sector saw a 0.9% increase in revenue, with the building and construction materials sector seeing a 3% decline.
Individual Company Performance
- The top 10 companies with the highest revenue growth were:
- Sits (+316%)
- Sta (+146%)
- Essoukna (+68.5%)
- Bte (+36.8%)
- Bh Assurance (+28.2%)
- Smart Tunisie (+25.9%)
- Tuninvest Sicar (+21.9%)
- Wifack International Bank (+17%)
- Spdit-Sicaf (+15.7%)
- Tawasol Group Holding (+14.3%)
- The bottom 10 companies with the highest revenue decline were:
- Placements de Tsie Sicaf (-99%)
- Icf (-47.8%)
- Eurocycles (-46.2%)
- New Body Line (-36.9%)
- Ciments de Bizerte (-32%)
- Sotipapier (-31.1%)
- Cellcom (-25.4%)
- Artes (-24.9%)
- Sotuver (-24.7%)
- Sotrapil (-17.4%)
Index Performance
- Eleven out of twelve sectoral indices reported positive performances, with the services and distribution index seeing the highest growth at 21%.
- The agro-food and beverages index saw a 19.3% increase, followed by the financial sector index with 14.6%.
- The materials sector index saw a 14.4% increase, followed by the consumer goods index with 14.3%.
- The only sectoral index to report a negative performance was the household and personal care products index with -1.9%.
