Introduction to the Tunisian Stock Market
The Tunisian stock market can be unpredictable, with rapid ups and downs. However, Tunisie Valeurs seems to have found a way to maintain balance and even gain an advantage. In its report for the first quarter of 2026, the brokerage firm reveals its strategy with a clear message: it's not enough to buy all the stocks on the market, you need to choose your champions with discernment.
Key Figures
The numbers from the last two years speak for themselves. While the general Tunindex index showed a progression of 35.1%, Tunisie Valeurs' classic portfolio climbed to 42.1%, and the Islamic portfolio reached 46.4%. In other words, their stock picking method works better than simply following the market trend.
What is Stock Picking?
Imagine you're at the market and you need to fill your basket with vegetables. You could take everything at random, or choose the freshest, tastiest, and best-preserved products. That's exactly the philosophy of Tunisie Valeurs. The analysts examine the financial health of companies, the competence of their leaders, their ability to resist crises, and the visibility of their profits. In short, they leave nothing to chance.
Recommended Companies for 2026
The report highlights four types of companies that, according to Tunisie Valeurs, deserve attention:
- Undervalued Cash Cows: Solid companies that generate a lot of cash and pay regular dividends. They may not be trendy, but they offer welcome stability when the market is volatile. SFBT and Délice Holding are cited as safe values.
- Export-Oriented Growth Stocks: These companies generate most of their revenue from abroad, protecting them from local turbulence and allowing them to benefit from the depreciation of the dinar. They are also ready to meet the challenge of new European environmental standards, a bonus for investors concerned about sustainability. SAH Lilas, TPR, Sotuver, and One Tech Holding are part of this category.
- Financial Blue Chips: The large banks and insurance companies selected by Tunisie Valeurs offer stability and visibility, even if they remain exposed to regulatory and tax constraints.
- High-Yield Stocks: These stocks attract attention with their regular and high dividends. City Cars, the national distributor of KIA, is the perfect example of a company that combines operational solidity and predictable revenue for investors.
Conclusion
The final message is clear: the stock market will remain volatile, and opportunities will arise mainly due to companies' financial results and decisions made by the Central Bank of Tunisia. The recommendation is simple but effective: remain selective, diversify your investments, and closely follow economic and regulatory developments.
