Tunisian Stock Exchange Sees Significant Growth in 2025
According to the Tunisian Stock Exchange, the year 2025 was marked by a strong increase in stock exchange transactions, with a total volume of capital handled by intermediaries reaching 10,756 million dinars, compared to 7,350 million dinars in 2024, as reported by the TAP agency. This significant progress indicates that the Tunisian market is attracting more and more investors and gaining liquidity.
Breakdown of Transactions
A closer look reveals that the majority of transactions take place on the Stock Exchange, with 6,120 million dinars exchanged, and on registration operations, which account for 4,378 million dinars. Over-the-counter markets and declarations remain minority, with only 217.3 million dinars and 40.7 million dinars, respectively. This shows that, despite growth, the market remains concentrated on a few main channels.
Top 5 Intermediaries in 2025
On the side of actors, the ranking is quite clear:
| Rank | Intermediary | Volume Handled (MD) | Market Share (%) |
|---|---|---|---|
| 1 | Tunisie Valeurs | 3,156 | 29.35 |
| 2 | MAC SA | 2,572 | 23.91 |
| 3 | UIB Finance | 902.4 | 8.39 |
| 4 | AFC | 716.2 | 6.66 |
| 5 | BNA Capitaux | 548.8 | 5.1 |
Market Share on the Stock Exchange
The top 5 intermediaries on the Stock Exchange capture 79.3% of the exchanged capital, with Tunisie Valeurs reinforcing its dominance with 37.45% market share (2,292 million dinars), followed by MAC SA at 24% (1,468.9 million dinars). AFC, SBT, and BNA Capitaux complete the ranking with respective market shares of 7.49%, 5.4%, and 5.08%.
Registration Operations
In registration operations, MAC SA emerges as the leader with 973.7 million dinars, representing 22.24% market share. It is closely followed by UIB Finance (885.7 million dinars, 20.23%) and Tunisie Valeurs (819.8 million dinars, 18.72%). Maxula Bourse (374.4 million dinars, 8.55%) and AFC (249.7 million dinars, 5.7%) complete the ranking of the top 5 intermediaries.
