The capitalization of the Algiers Stock Exchange reached 745.4 billion dinars (about USD 5.73 billion) at the end of June 2025, up from around 520 billion dinars in early January — an increase of 43% in the first half of the year, according to data released on Tuesday, August 5, by the Stock Market Operations Organization and Oversight Commission (Cosob).
This growth is essentially explained by the listing of two companies: the Local Development Bank (BDL) and start-up Moustachir, specialized in consulting. The BDL, a public bank tasked with “contributing to the economic and social development of local communities,” raised 61.88 billion dinars, including 44.2 billion from a capital increase, and 17.68 billion as an issuance premium.
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Moustachir, for its part, raised 94.6 million dinars for its start-up financing segment created in 2021. The young company operates through an online consulting platform connecting consultants from various fields with businesses and individuals seeking tailored solutions and guidance. It also offers other services such as assisting foreign companies with setup and providing shared workspaces (coworking spaces).
Cosob, which serves as the regulator of the Algiers Stock Exchange, also reported that the total value of shares traded reached 4.5 billion dinars in the first half of 2025, compared to 1.35 billion dinars in the same period of 2024 — an increase of 235%. The total volume of shares exchanged in the first six months of this year rose by 232.8% year-on-year to 2.1 million units.
Despite these performances, the Algiers Stock Exchange still plays only a marginal role in financing the Algerian economy. The market, established in 1997, currently has just eight listed companies: Alliance Assurances, Biopharm, El Aurassi, Saidal, Crédit Populaire d’Algérie, AOM Invest SPA, the Local Development Bank, and Moustachir.
