Top 10 BVMT Tunisia Stocks to Buy in 2026

Last updated: July 9, 2026 | Reading time: ~8 minutes

The Tunis Stock Exchange is running hotter than almost anyone expected. The TUNINDEX jumped 14.24% in the first quarter of 2026 — its best Q1 in years — and by late May the year-to-date gain had reached about 31%, extending a streak of five consecutive winning years after 2025's strong advance. Twelve-month gains stand above 50% on Trading Economics data. On our Tunisia market desk, the TUNINDEX stood at 18,625.86 on 26 June 2026, with 79 listed equities making the BVMT one of North Africa's deepest boards.

What's driving it? Bank profits swollen by high Tunisian interest rates, a resilient consumer sector (eleven of twelve sectoral indices were positive in Q1, led by consumer services and food & beverages), dinar stability, and a market that entered the rally cheap after years of political discount. Valuations remain modest by emerging-market standards, and BVMT blue chips still pay real dividends. Here are the ten Tunisian stocks we would shortlist for 2026.

Prices are from the Mansa Markets data layer as of 26 June 2026; 52-week ranges are approximations from our price-history layer and may differ slightly from board data. Yields are trailing, based on the most recent recorded payouts in our BVMT dividend records.

1. BIAT — Banque Internationale Arabe de Tunisie (BIAT)

Banking | Share Price: ~DT 143.00 | 52-Week Range: ~DT 94 – 167 | Dividend Yield: ~4.2%

BIAT is Tunisia's largest private bank and the bourse's bellwether — and it has rallied hard, with our price history showing the stock up roughly 50% over the trailing year. High policy rates have super-charged net interest income, and BIAT's deposit franchise (the country's largest) means it funds that book more cheaply than any rival.

Dividends have grown every year in our records: TND 6.00 per share in May 2025, up from 5.25 in 2024 and 5.075 in 2023 — roughly a 4.2% yield at ~DT 143. Scale, payout growth and rate leverage make BIAT the natural first buy on the BVMT.

2. SFBT — Société Frigorifique et Brasserie de Tunis (SFBT)

Beverages | Share Price: ~DT 13.98 | 52-Week Range: ~DT 11.79 – 15.30 | Dividend Yield: ~5.7%

SFBT is Tunisia's beverages monopoly in all but name — beer (Celtia), soft drinks (Coca-Cola bottling), water and juices — and one of the most consistently profitable companies in North Africa. Food & beverages was among the best-performing BVMT sectors in Q1 2026, and SFBT is that sector.

The company has paid a rising dividend every year in our records (TND 0.80 in 2025, from 0.74 in 2024 and 0.68 in 2023), a trailing yield of about 5.7%. A defensive compounder with pricing power, ideal ballast for the banking-heavy tilt of most Tunisia portfolios.

3. Poulina Group Holding (PGH)

Diversified Conglomerate | Share Price: ~DT 24.42 | 52-Week Range: ~DT 14.42 – 29.44 | Dividend Yield: ~1.8%

Poulina is Tunisia's largest private conglomerate — poultry and food processing, ceramics, steel, packaging, real estate — and the closest thing the BVMT offers to buying the Tunisian economy in one line. Our price history shows the stock up nearly 48% year-to-date at its late-June level, roughly doubling off its 52-week low.

The trailing payout (TND 0.45 in July 2025, up from 0.36) yields only ~1.8%, because Poulina reinvests: this is the growth-compounder pick, not the income one. Diversification across a dozen business lines cushions any single-sector shock — a genuine quality asset that rarely gets cheap.

4. Amen Bank (AB)

Banking | Share Price: ~DT 59.96 | 52-Week Range: ~DT 41 – 77 | Dividend Yield: ~5.5%

Amen Bank has been one of the rally's biggest winners — our price history shows the stock up over 55% in 2026 — and the dividend story explains why: TND 3.30 per share in May 2025, up from 2.79 in 2024 and 1.55 in 2023, more than doubling in two years as profitability normalised.

The private-sector lender still trades at an undemanding multiple of book value despite the run. If Tunisian rates stay elevated through 2026, Amen's earnings momentum has room left; the ~5.5% trailing yield pays you to hold through the volatility.

5. Banque de Tunisie (BT)

Banking | Share Price: ~DT 7.00 | 52-Week Range: ~DT 5.19 – 9.39 | Dividend Yield: ~5.0%

The oldest bank in the country (founded 1884) is also its most conservatively run — historically the best cost-to-income ratio and cleanest loan book among Tunisian lenders. Our price history shows a ~50% gain over the trailing year, yet the share still changes hands at single-digit dinars, making it a favourite of retail investors.

Dividends step up steadily (TND 0.35 in 2025, from 0.29 in 2024 and 0.28 in 2023), for a trailing yield around 5%. BT is the sleep-at-night Tunisian bank: less upside torque than Amen or BNA, materially less risk.

6. BNA — Banque Nationale Agricole (BNA)

Banking | Share Price: ~DT 15.20 | 52-Week Range: ~DT 8.00 – 20.69 | Dividend Yield: ~6.6%

The state-anchored agricultural bank is the value-and-yield outlier: even after our price history shows the stock roughly +60% year-to-date, BNA still trades at one of the lowest earnings multiples on the exchange and carries the board's fattest bank yield — TND 1.00 paid in June 2025 (up from 0.90), about 6.6% trailing.

The discount reflects real things: state influence and legacy agricultural-loan exposure. But with provisioning improving and rates high, the market has been steadily re-rating BNA. For investors comfortable with state-linked banks, the risk-reward remains compelling.

7. Délice Holding (DH)

Food & Dairy | Share Price: ~DT 17.30 | 52-Week Range: ~DT 11.80 – 19.98 | Dividend Yield: ~2.9%

Délice is Tunisia's dairy champion — the Danone-partnered producer of the country's leading milk, yoghurt and juice brands. Consumer staples with entrenched brands are exactly what has led this bull market, and our price history shows Délice up over 55% in 2026.

The dividend is growing fast off a modest base: TND 0.50 in July 2025, from 0.30 in 2024 and 0.20 in 2023 — a payout that has more than doubled in two years. At ~2.9% trailing yield it is not an income stock yet, but the direction of travel and the defensiveness of dairy demand earn it a top-ten slot.

8. SAH — Société d'Articles Hygiéniques (Lilas) (SAH)

Consumer Goods (Hygiene & Paper) | Share Price: ~DT 13.70 | 52-Week Range: ~DT 12.00 – 14.74 | Dividend Yield: ~2.9%

Lilas is the brand on Tunisian shelves for diapers, tissues and feminine care, with growing exports across the Maghreb and sub-Saharan Africa. The stock has lagged the 2026 melt-up (roughly flat year-to-date on our history), which is precisely the setup: a household-name staple trading in a tight 52-week band while the rest of the board re-rates.

Our records show TND 0.40 paid in June 2025 (up from 0.35), a ~2.9% yield. Watch input costs (pulp, plastics) — margin relief there plus export growth is the 2026 bull case for a catch-up trade.

9. One Tech Holding (OTH)

Technology & Manufacturing | Share Price: ~DT 10.69 | 52-Week Range: ~DT 8.28 – 13.05 | Dividend Yield: ~2.4%

One Tech is Tunisia's export machine: cables, mechatronics and telecom equipment supplied into European automotive and industrial supply chains, giving it euro revenues against dinar costs. Our price history shows the stock up ~47% year-to-date, and it gained almost 6% on the day of our snapshot alone.

The dividend (TND 0.26 in June 2025, from 0.25) yields ~2.4% — modest, because this is an industrial growth story tied to European nearshoring. As EU manufacturers pull supply chains closer, Tunisia's engineering base is a structural winner, and OTH is its listed proxy.

10. Ennakl Automobiles (NAKL)

Automotive Distribution | Share Price: ~DT 18.10 | 52-Week Range: ~DT 12.44 – 22.00 | Dividend Yield: ~4.9%

Ennakl, distributor of Volkswagen, Audi, Seat, Skoda and Porsche in Tunisia, is the discretionary-consumer pick. Vehicle import quotas keep supply tight and margins healthy, and our price history shows the stock up over 40% in 2026.

It is also a proper income stock for the sector: TND 0.88 per share paid in June 2025 (up from 0.70 in 2024), a trailing yield near 5%. Car demand is cyclical and import policy is a permanent swing factor, but Ennakl's franchise strength and payout record make it the strongest of the BVMT's auto names.

## Risks to Keep in Mind

• Macro and sovereign stress. Tunisia's public finances remain fragile; an external-funding shock would hit the dinar, rates and bank asset quality simultaneously — and banks dominate this list.
• A rally this fast can reverse. A ~31% five-month gain has pulled forward a lot of good news; expect corrections and size accordingly.
• Rate reversal. Much of the banks' earnings surge is rate-driven; central-bank easing would compress margins.
• Currency and repatriation. The dinar is not fully convertible; foreign investors should understand central-bank repatriation procedures before committing capital.
• Data nuances. Some Tunisian counters have corporate actions (splits, rights issues) that make historical comparisons tricky — our 52-week ranges are approximations; verify against BVMT data before executing.

## How to Buy BVMT Stocks

Tunisian shares are bought through licensed intermediaries (sociétés de bourse) in Tunis; foreign investors can generally buy most listed stocks freely, with repatriation handled through the central bank's investment-declaration process. Compare firms on our Tunisia brokers directory, follow the TUNINDEX and all 79 listings on the Tunisia market desk, and check payout calendars on the dividends page. For the wider continent, read our complete guide to African stock markets.

This article is for informational purposes only and does not constitute investment advice. Prices, ranges and yields are approximations from Mansa Markets data as of late June 2026; verify against live quotes before trading.