Tunis Stock Exchange Closes 2025 on a Positive Note
The Tunis Stock Exchange ended 2025 on a highly positive note, with ten out of twelve sectoral indices showing an increase, and seven of them outperforming the Tunindex. This assessment confirms a renewed interest from investors in several key segments of the listed economy, despite targeted underperformance in certain industrial sectors.
Sectoral Performance
In detail, the consumer services sector emerged as the big winner of 2025, posting a spectacular increase of 59.32%, compared to only 4.19% in 2024. This performance placed this index at the top of the annual ranking and reflected a strong recovery in domestic demand as well as a strategic repositioning of companies in the sector. The distribution sub-sector followed the same trajectory, with a nearly identical increase of 59.33%, confirming its role as a driver of market activity.
Another pillar of the stock exchange, consumer goods, recorded a solid performance of 40.40%, a significant improvement over 2024. This development was driven in particular by the agri-food and beverage segments, whose index rose by 42.60%, as well as by household and personal care products, which increased by 33.58%. These results reflect the resilience of defensive values, often preferred in times of economic uncertainty.
The financial sector also confirmed its attractiveness. The index of financial companies showed a gain of 39.48%, with a major contribution from banks, which rose by 39.53%, and insurance companies, which progressed by 30.20%. Financial services stood out in particular, with a performance of 49.77%, the second-best among listed sub-sectors. This trend is explained by improved margins, solid balance sheets, and better regulatory visibility.
Underperforming Sectors
In contrast, industrial sectors remained under pressure. The industry index fell by 1.99%, while the building and construction materials sector recorded a more significant decline of 3.93%, after a positive year in 2024. These underperformances reflect the persistent difficulties related to input costs, the slowdown of certain projects, and still hesitant demand.
Overall Analysis
Overall, the sectoral analysis for 2025 highlights a two-speed market: on the one hand, consumer-oriented and service sectors that largely outperform, and on the other hand, industrial segments in an adjustment phase. This configuration reinforces the idea that sectoral selection remains a key performance lever on the Tunis Stock Exchange.
