Algiers Stock Exchange Explained

Algiers Stock Exchange
Nativename:La Bourse d'Algérie
بورصة الجزائر
Type:Stock exchange
City:Algiers
Country:Algeria
Founded:[1]
Key People:Yazid Benmouhoub (CEO)[2]
Currency:DZD
Listings:6

The Society of Stock Exchange Management (in ; SGBV) is the only stock exchange of Algeria. It is in operation since 1997. Despite a 62% increase over one year, SGBV remains one of the smallest stock exchanges in the world since 2011.[3]

History

The first attempt

The idea of creating a stock exchange in Algiers appeared in 1990 as part of the economic reforms of 1988. It is established by law:

These laws introduced the distinction between state ownership and state public authorities.

In 1990, the company was incorporated securities (SVM), its capital is held by the fund 8 to participate. Its capital in 1992 rose to 9.32 million DA in the same year its name was changed as well and became "Securities Exchange (BVM)." In the absence of specific laws and code of commerce suitable for the market economy has been able to exercise the stock market.

Laws related to the stock exchange

Actual start of the Algiers Stock Exchange

Taxation

The Finance Act of 2009 exempts from tax the proceeds of securities and shares of total income tax for a period of five years. The Finance Act 2004 provides for an exemption from IRB (tax on income and profits) and IBS (tax on company profits) on income from securities listed or traded on an organized market for a period of five years with effect from 1 January 2009. The level of transaction in the stock market remains relatively low, it does not cover the costs of the institution market.

Trading times

Trading takes place three times a week from 9:30 to 11:00 for shares and corporate bonds, and from Sunday to Thursday for OAT (Treasury bonds):

These times exclude public holidays.

List of the stock market brokers

Index

Dzair Index

PME index (small and medium corporations)

External links

Notes and references

  1. Web site: PRESENTATION OF THE SGBV . www.sgbv.dz . en.
  2. Web site: Board of Directors . www.sgbv.dz . en.
  3. Web site: Le niveau de capitalisation de la Bourse d'Alger augmente de 62%.
  4. Web site: Introduction en bourse d'Alliance Assurances : Première cotation du titre en février 2011 | MédafCO - Développement . 2012-01-06 . https://web.archive.org/web/20110221074928/http://www.medafco.com/article/29/12/2010/introduction-en-bourse-d%E2%80%99alliance-assurances-premiere-cotation-du-titre-en-fevrier-2011 . 2011-02-21 . dead .
  5. Web site: Benali . Arezki . 2020-07-28 . Le titre de NCA Rouiba officiellement radié de la cote de la Bourse d'Alger . 2024-06-24 . Algerie Eco . fr-FR.
  6. Web site: Feu vert pour l’entrée de Biopharm à la Bourse d’Alger en 2016 - Jeune Afrique.com . 2024-06-24 . JeuneAfrique.com . fr-FR.
  7. Web site: Introduction du CPA et de la BDL, nouveau règlement de la Bourse d’Alger et marché obligataire : Les raisons de l’optimisme de la Cosob pour 2024 . 2024-06-24 . El watan . en.
  8. Web site: AE . Rédaction . 2024-03-26 . Bourse d'Alger : les actions du CPA introduites officiellement . 2024-06-24 . Algerie Eco . fr-FR.
  9. Web site: بلومبرغ . اقتصاد الشرق مع . 2024-06-13 . بورصة الجزائر بصدد السماح بإدراج الصكوك قريباً . 2024-06-24 . اقتصاد الشرق مع بلومبرغ . ar.