Algeria Stock Exchange Market Cap Sees 43% First-Quarter Jump
TLDR
- The capitalization of the Algiers Stock Exchange reached 745.4 billion dinars ($5.73 billion) at the end of June 2025, up from about 520 billion dinars in early January
- The growth was driven by two new listings: the Local Development Bank (BDL) and Moustachir, a consulting start-up. BDL raised 61.88 billion dinars
- Trading activity surged, with share turnover hitting 4.5 billion dinars in H1 2025, up 235% from a year earlier
The capitalization of the Algiers Stock Exchange reached 745.4 billion dinars ($5.73 billion) at the end of June 2025, up from about 520 billion dinars in early January — a 43% rise in the first half of the year, according to regulator Cosob.
The growth was driven by two new listings: the Local Development Bank (BDL) and Moustachir, a consulting start-up. BDL raised 61.88 billion dinars, including 44.2 billion from a capital increase and 17.68 billion as an issuance premium. Moustachir raised 94.6 million dinars through its start-up financing segment, launched in 2021, and offers online consulting, foreign business setup support, and coworking spaces.
Trading activity surged, with share turnover hitting 4.5 billion dinars in H1 2025, up 235% from a year earlier. The volume of shares exchanged rose 232.8% year-on-year to 2.1 million units.
Despite this growth, the Algiers market remains small, with only eight listed companies, including Alliance Assurances, Biopharm, El Aurassi, Saidal, Crédit Populaire d’Algérie, AOM Invest SPA, BDL, and Moustachir.
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Points clés à retenir
The sharp increase in capitalization and trading reflects the catalytic effect of new listings in a small market. However, with only eight companies listed since its establishment in 1997, the Algiers Stock Exchange still plays a limited role in financing the Algerian economy. The BDL and Moustachir listings highlight the potential for both large public entities and innovative start-ups to inject liquidity and attract investor interest. Sustained growth will depend on a broader pipeline of IPOs, more diversified sectors, and measures to deepen market participation among both institutional and retail investors.
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