At a Glance
- Leading Tunisian stocks shape liquidity, investor sentiment and long-term market resilience.
- Banking giants dominate valuations, reinforcing their central role in national financial stability.
- Industrial and consumer leaders expand sector depth, supporting Tunisia’s private-sector growth.
Tunisia’s stock market is home to some of North Africa’s strongest performers, and the 15 most valuable stocks on the Bourse de Tunis continue to anchor market liquidity, investor confidence and long-term economic stability.
Financial institutions dominate the upper tier, underscoring the centrality of banking intermediation in a credit-dependent economy.
Banks like BIAT, Attijari, and Banque de Tunisie sustain strong capitalisation ratios and stable deposit-mobilisation engines, giving them an outsized role in national liquidity.
Industrial heavyweights such as Poulina Group and Carthage Cement anchor the manufacturing and construction ecosystem, while Delice Holding and the Tunisian beverages giant SFBT have become household staples with supply chains that reach every governorate.
Tech-leaning players like One Tech Holding demonstrate how Tunisian manufacturers are capturing growth opportunities by supplying European auto, energy and telecom giants.
Investors tracking Tunisia’s market performance often use these 15 counters as a proxy for economic resilience. They generate consistent dividends, attract foreign institutional positioning, and maintain the liquidity profile needed for cross-border allocations.
Below is a company-by-company breakdown of Tunisia’s 15 most valuable listed firms as profiled by Shore Africa.
1. BIAT (Banque Internationale Arabe de Tunisie)
Market Cap.: TND4.49 billion ($1.53 billion)
Sector: Finance
Tunisia’s most valuable listed company, BIAT leads in retail depth, corporate banking and fee-income generation. Founded in 1976, it pairs a dominant physical network with expanding digital channels. Its profitability metrics consistently outperform sector averages, cementing BIAT’s status as the market’s liquidity anchor.
2. Attijari Bank
Market Cap.: TND3.33 billion ($1.14 billion)
Sector: Finance
A universal lender backed by Morocco’s Attijariwafa Bank, Attijari Bank Tunisia leverages cross-regional trade-finance expertise. Its corporate book, treasury operations and commercial franchise drive recurring earnings, positioning it among Tunisia’s most stable financial institutions.
3. Société de Fabrication de Boissons de Tunisie SA
Market Cap.:TND3.27 billion ($1.11 billion)
Sector: Beverages
Société de Fabrication de Boissons de Tunisie is the country’s dominant beverages producer, spanning beer, soft drinks and packaging facilities. Founded in 1925, SFBT remains one of the Bourse’s most defensive consumer-goods plays with nationwide distribution strength.
4. Poulina Group Holding
Market Cap.:TND
Sector: Agricultural commodities/Milling
Poulina is Tunisia’s most diversified industrial group, with interests in poultry, steel, packaging, construction materials, real estate and consumer goods. Founded in 1967, the conglomerate operates more than 100 subsidiaries and remains a cornerstone of the country’s industrial output.
5. Banque de Tunisie (BT)
Market Cap.:TND1.8 billion ($614.74 million)
Sector: Finance
One of Tunisia’s oldest banks, BT combines a strong retail franchise with SME-lending depth. Its dividend consistency and improving ROE make it a favoured pick for domestic institutions.
6. Amen Bank
Market Cap.: TND1.66 billion ($566.93 million)
Sector: Finance
Amen Bank continues to modernise its retail and corporate platforms, pushing digital adoption while expanding fee-based services. Founded in 1967, it remains a key private-sector lender with solid deposit mobilisation.
7. Delice Holding SA
Market Cap.: TND139 billion ($473.38 million)
Sector: Food distribution services
Délice is Tunisia’s dominant dairy and refreshments group, controlling top brands across milk, yoghurt, cheese and juice. Founded in 2013, it operates through multiple subsidiaries covering the full agri-food value chain.
8. Societe d’Articles Hygieniques SA
Market Cap.:TND1.16 billion ($394.97 million)
Sector: Household/Personal care
Founded in 1994, SAH is a regional leader in hygiene products including diapers, sanitary pads, tissues and paramedical items. Its “Lilas” brand dominates shelf space, making it one of Tunisia’s strongest FMCG performers.
9. Ennakl
Market Cap.: TND973.57 million ($331.48 million)
Sector: Retail trade
Ennakl is the country’s largest auto distributor, representing Volkswagen, Audi, Porsche, Skoda and SEAT. Established in 1965, the company remains the benchmark for Tunisia’s automotive import market.
10. Union Internationale de Banques (UIB)
Market Cap.: TND846.72 million ($289.17 million)
Sector: Finance
Union Internationale de Banques is known for its trade-finance and corporate-banking capabilities. Its positioning as a regional transaction hub attracts exporters seeking specialised financing.
11. Banque Nationale Agricole (BNA)
Market Cap.: TND 772.47 million ($263.82 million)
Industry: Finance
BNA serves as Tunisia’s agricultural-finance backbone. Its credit lines support farmers, cooperatives and rural development. As a state-linked lender, its performance cycles follow agribusiness seasons.
12. One Tech Holding SA
Market Cap.: TND715.56 million ($243.8 million)
Sector: Electronic technology
One Tech supplies cables, telecom components and mechatronic systems to global auto and energy manufacturers. Founded in 1978, it is Tunisia’s most industrially globalised listed company.
13. Union Bancaire pour le Commerce et l’Industrie SA (UBCI)
Market Cap.: TND683.65 million ($233.48 million)
Sector: Finance
UBCI focuses on corporate, SME and institutional banking. After cost restructuring and commercial expansion, the lender has regained investor confidence and strengthened its balance-sheet efficiency.
14. Société Tunisienne de Banque (STB)
Market Cap.: TND648.14 million ($221.35 million)
Sector: Finance
A historically large public bank, STB supports state-backed projects and corporate restructuring. It is pursuing asset-quality repair and modernisation efforts to rebuild competitiveness.
15. Carthage Cement
Market Cap.:TND621.96 million ($211.87 million)
Sector: Non- Energy minerals
Carthage Cement operates one of Africa’s largest cement plants at Jebel Ressas. Founded in 2008, it supplies cement, aggregates and ready-mix concrete, anchoring Tunisia’s construction value chain.
