Algiers Stock Exchange Hits 522B DZD After CPA Listing Surge

The Algiers Stock Exchange (SGBV) has seen a remarkable increase in market capitalization, closing 2024 at around 522 billion Algerian dinars (DZD) – 662% up from last year. This big jump was mainly due to the listing of Crédit Populaire d’Algérie (CPA), a milestone for Algeria’s young capital market.

Founded in 1997, SGBV is the only stock exchange in Algeria, and supports both equity and debt markets. With only 6 listed companies, the exchange is playing a growing role in the country’s financial modernization.

May 1 Snapshot: SGBV’s Listed Stocks

As of May 1, 2025, the following companies are listed on the exchange:

• Alliance Assurances (ALL): 420.00 DZD

• Banque de Développement Local (BDL): 1,400.00 DZD

• Biopharm (BIO): 2,510.00 DZD

• Crédit Populaire d’Algérie (CPA): 2,200.00 DZD

• EGH El Aurassi (AUR): 400.00 DZD

• Saïdal (SAI): 405.00 DZD

Prices were not available for the day, but the static values show increased investor confidence after the market’s growth.

Trading volume also reached 2.7 billion DZD, up 441% from last year, and indicates better market liquidity and participation.

A New Chapter: Tech IPOs and Market Reform

Moustachir SPA, a digital consultancy, listed on the exchange for the first time with an IPO of 760 DZD per share, showing the exchange is open to tech sector listings.

This is a new chapter for SGBV – from a niche equities platform to a diversified capital market.

Key Points:

• Technology and innovation sectors

• Regulatory improvements to increase transparency

• Foreign investor outreach and broader reform momentum

Outlook: Reforming for Growth

While small compared to global standards, Algiers Stock Exchange is becoming a key player in Algeria’s overall reform plan. Liberalization and targeted IPOs will attract domestic and international capital in the coming years. Then it will be a hub.