Algiers Stock Exchange Market Cap Rises 42.8%
The Algiers Stock Exchange experienced notable growth during 2025, with its market capitalization surging by 42.8% to 744.5 billion dinars from 521.7 billion dinars at the close of 2024. This period also saw the total value of transactions in the secondary market exceed 15 billion dinars, marking a substantial increase of nearly 444%. These significant gains, as detailed in the annual report from the Stock Exchange Operations Regulation and Monitoring Committee, reflect a revitalization of financial market activity. The growth was primarily propelled by the listing of the Local Development Bank, the continued impact of Crédit Populaire Algérien, and a broader diversification of financing instruments, alongside advancements in the bond market and venture capital.
A key development contributing to the market's expansion was the listing of the Local Development Bank's shares in the main section of the Algiers Stock Exchange. This move involved offering 44.2 million shares at 1,400 dinars per share, strengthening the banking sector's presence and building on the momentum from Crédit Populaire Algérien's listing in 2024. Beyond equities, the bond market saw the introduction of three bond loans for trading, collectively valued at 22 billion dinars, offering new non-banking financing avenues for entities such as the Arab Financial Leasing Company, Maghrebian Financial Leasing Algeria, and Tosyali Iron and Steel. Furthermore, certified venture capital companies increased their total contributions to 10.96 billion dinars across 184 small and medium-sized enterprises, a 37.46% rise, complemented by the launch of the first joint venture capital fund, "Afia for Investment," with a 3 billion dinar capacity. Crowdfunding also expanded, with the "Investi" platform facilitating 20 million dinars in financing.
Accompanying this market expansion, the Algiers Stock Exchange implemented significant efforts to modernize its regulatory and supervisory framework throughout 2025. The Stock Exchange Operations Regulation and Monitoring Committee worked to enhance financial disclosure rules and governance, introducing new frameworks for listed companies and enabling electronic remote voting for general assemblies. Supervisory efforts included nine field missions and disciplinary sanctions against four monitored entities to ensure compliance and strengthen anti-money laundering measures. Internationally, Algeria reinforced its standing in financial market regulation, with the Committee's president, Youssef Bouzenada, assuming the presidency of the Union of Arab Securities Authorities for 2025-2026. This period also fostered technical cooperation with the Saudi Capital Market Authority on fintech and debt instruments, and expanded partnerships with Oman, Tunisia, the African Development Bank, and the International Organization of Securities Commissions. Domestically, partnerships were forged with the Central Authority for Combating Corruption, the Ministry of Justice, and several universities to advance financial literacy and research.
