Algiers Stock Exchange Market Value Reached DZD 744.45 Billion (~$5.5 Billion) in 2025, Up 42.7%
Image: Echorouk
Takeaway
The significant increase in trading value and market capitalization on the Algiers Stock Exchange presents opportunities for international investors seeking exposure to the Algerian market. The listing of BDL and Moustachir demonstrates a diversification of the exchange, attracting both traditional and tech-focused capital. Investors should closely monitor the performance of newly listed companies and regulatory reforms to gauge the long-term potential of the SGBV.
The Algiers Stock Exchange (SGBV) experienced substantial growth in 2025, with its market capitalization reaching DZD 744.45 billion (~$5.5 billion) by the end of the year. This represents a 42.70% increase compared to 2024. The value of trading in the secondary market also saw a significant rise, increasing by 444% to reach DZD 15.02 billion (~$111 million), compared to DZD 2.76 billion (~$20.4 million) in 2024. The annual trading volume jumped by 498%.
The Algiers Stock Exchange, established in 1997, has been playing an increasing role in Algeria's financial modernization. In the first quarter of 2025, the Algiers Stock Exchange was the fastest-growing stock exchange in the Arab world, with a 40.07% surge in market value. According to the Arab Monetary Fund (AMF), the market value increased from $3.848 billion in Q1 2024 to $5.39 billion in Q1 2025, a rise of $1.542 billion. Despite this growth, the Algiers Stock Exchange remains a minor financing channel for Algeria's economy.
The market capitalization reached $5.73 billion by June 2025, a rise from $4.0 billion in January. This 43% jump in the first half of 2025 was fueled by the listing of Banque de Développement Local (BDL) and start-up Moustachir. BDL raised DZD 61.88 billion (~$458 million) through its listing, including DZD 44.2 billion (~$327 million) from a capital increase and DZD 17.68 billion (~$131 million) from an issue premium. Moustachir, founded in 2021, raised DZD 94.6 million (~$700,000) through its start-up financing segment.
Trading activity also experienced a surge, with the total value of shares traded in the first half of 2025 reaching DZD 4.5 billion (~$33.3 million), a 235% increase from DZD 1.35 billion (~$10 million) in the same period in 2024. The number of shares traded rose 232.8% year-on-year to 2.1 million units. As of May 1, 2025, the SGBV had six listed companies: Alliance Assurances (ALL), Banque de Développement Local (BDL), Biopharm (BIO), Crédit Populaire d'Algérie (CPA), EGH El Aurassi (AUR), and Saïdal (SAI).
While the market capitalization decreased slightly from DZD 744.45 billion (~$5.5 billion) in December 2025 to DZD 742.19 billion (~$5.49 billion) in January 2026, investors should monitor upcoming listings and regulatory improvements aimed at attracting both domestic and international capital. Keep an eye on potential listings from the technology sector, as the SGBV aims to evolve and modernize.