• Market capitalisation reached $5.73 billion by June 2025, up from $4.0 billion in January.
• Two new listings — Banque de Développement Local (BDL) and start-up Moustachir — drove the surge.
• Trading value in H1 2025 rose 235% year-on-year to 4.5 billion dinars.

The Algiers Stock Exchange added $1.73 billion in value during the first half of 2025, fuelled by the debut of a public bank and a technology start-up.

The market’s capitalisation reached 745.4 billion dinars ($5.73 billion) at the end of June, up from 520 billion dinars in January, according to data released on August 5 by the Commission d’Organisation et de Surveillance des Opérations en Bourse (Cosob). This represents a 43% jump over six months.

The Banque de Développement Local (BDL), a state-owned lender tasked with “contributing to the economic and social development of local authorities,” raised 61.88 billion dinars through its listing. Of this, 44.2 billion came from a capital increase and 17.68 billion from an issue premium.

Moustachir, a start-up founded in 2021, entered the market through its start-up financing segment. It raised 94.6 million dinars. The company operates an online consultancy platform connecting consultants, businesses and individuals. It also helps foreign companies set up operations and offers coworking spaces.

Cosob reported that the total value of shares traded in the first half of 2025 reached 4.5 billion dinars, up 235% from 1.35 billion dinars in the same period in 2024. The number of shares traded rose 232.8% year-on-year to 2.1 million units.

Despite the jump, the Algiers Stock Exchange — created in 1997 — remains a minor financing channel for Algeria’s economy. Only eight companies are currently listed: Alliance Assurances, Biopharm, El Aurassi, Saidal, Crédit Populaire d’Algérie, AOM Invest SPA, BDL and Moustachir.

Walid Kéfi