The market capitalization of the Tunis Stock Exchange (BVMT) stood in April 2026 at 41,757.12 million dinars, or about 41.76 billion dinars, posting an annual rise of 20.46%.
This development reflects a positive market dynamic, driven mainly by the large banking and agro-food capitalizations.
The banking sector keeps its first place in the structure of market capitalization, with 18,092.91 million dinars, or 43.33% of the market’s total. It records an annual increase of 17.91%, confirming its central role in animating the Tunisian financial market.
This dominance is also visible in the ranking of the top listed companies, where several banks appear among the strongest capitalizations.
The agro-food and beverages sector comes in second, with a capitalization of 10,837.03 million dinars, representing 25.95% of the market. Its annual progression reaches 30.13%, making it one of the main growth drivers of the Tunis Stock Exchange during the studied period.
Together, the banking and agro-food sectors account for nearly 69% of total capitalization, illustrating a strong sectoral concentration of the market.
The five largest market capitalizations total 20,386.10 million dinars, i.e., 48.82% of the overall capitalization.
BIAT leads with 6,075.12 million dinars, representing 14.55% of the market. It is followed by Poulina Group Holding with 4,851.10 million dinars, then by SFBT with 3,777.88 million dinars.
Attijari Bank holds fourth place with 3,499.50 million dinars, ahead of Amen Bank, whose capitalization reaches 2,182.50 million dinars.
The free-float capitalization of the Tunindex amounts to 9,688 million dinars, or 23.2% of the total capitalization. This level shows that a large portion of the share capital of listed companies remains not readily tradable, which limits market depth and may weigh on liquidity.
Foreign participation stands at 18.14%, reflecting notable yet still moderate foreign presence on the Tunisian market.
Behind banking and agro-food, the distribution sector accounts for 5.77% of capitalization, ahead of insurance with 5.69% and industrial goods and services with 4.50%.
Some sectors show strong annual gains, notably technology, up 54.74%, despite a still modest weight in overall capitalization, at only 0.31%.
Conversely, the health sector and household and personal care products register declines of 4.62% and 2.15%, respectively.
The composition by listing group confirms the market’s strong concentration. Group 11 alone accounts for 91.82% of market capitalization, versus 6.37% for Group 12 and 1.81% for Group 99.
By segment, Segment A also dominates by a large margin, with 88.93% of capitalization, followed by Segment B with 9.26% and Segment S with 1.81%.
The Tunis Stock Exchange thus shows, in April 2026, a notable growth in its market capitalization. This performance, however, rests on a limited number of sectors and large-cap stocks, underscoring the need to strengthen market diversification and improve depth of the listing.
Despite this concentration, the annual growth of over 20% reflects an improvement in the overall valuation of listed companies, in a context where large capitalizations continue to play a determining role in the evolution of the Tunisian stock market.
