Tunisia’s stock exchange landscape continues to be shaped by its traditional heavyweights.
According to the latest data, the combined market capitalization of the five largest listed companies stands at 20.4 billion Tunisian dinars, accounting for 48.8% of the total market.
The figure underscores the overwhelming influence of the banking and agri-food sectors on the Tunis bourse’s dynamics.
BIAT: The undisputed leader
BIAT retains its position as the absolute market leader. With a historic market cap of 6.075 billion dinars, the bank alone represents 14.5% of the total market value. This performance highlights resilient investor confidence in Tunisia’s largest private banking group.
Since the start of the year, the bank’s share price has delivered a return of 34.1%, closing April at 148.900 dinars.
Poulina, SFBT and banks complete the top five
Agri-food giant POULINA ranks second with a market capitalization of 4.851 billion dinars (11.6% of the market), closely followed by beverage leader SFBT.
Valued at 3.777 billion dinars (9%), SFBT continues to demonstrate reassuring operational stability for institutional portfolios.
The banking sector rounds out the picture. Attijari Bank and Amen Bank close the top five with market caps of 3.499 billion and 2.182 billion dinars, respectively.
Together, these five titans form the backbone of the Tunisian stock exchange.
The 48.8% concentration raises questions about market depth. Indeed, such dominance calls for an acceleration of new listings to further diversify the nation’s stock market offering.
