With a market capitalization reaching 521 billion dinars, the stock market recorded an unprecedented performance in 2024, primarily driven by the listing of Crédit Populaire d’Algérie (CPA). This first bank listed on the stock exchange raised 112 billion dinars from just over 50,000 investors.
In its 2024 annual report published yesterday, the Commission for the Organization and Supervision of Stock Market Operations (COSOB) highlighted a context marked by a profound transformation of the Algerian financial market. It reviewed the activity of the securities market as well as achievements in innovation, setting the course for the current year.
“The market experienced unprecedented growth in terms of performance,” COSOB stated in a communiqué, emphasizing the market capitalization that reached 521 billion dinars compared to 512 billion in 2023. This result was mainly driven by the momentum generated “following the IPO of CPA, the first bank listed, which raised 112 billion dinars from about 50,000 investors,” COSOB specified in its report. Additionally, COSOB noted that, in volume terms, the stock market saw the number of shares traded reach 2.76 billion dinars in 2024, while transaction volume increased by 35%, supported by the success of new listings. “This dynamic illustrates growing investor confidence and the renewed vitality of the market,” COSOB added.
COSOB also highlighted the digital transformation of the financial market, stating that “2024 was also a year of innovation and digitalization.” This was achieved through the establishment of a One-Stop Shop for the modernization and development of the stock market and financial system. “The One-Stop Shop brings together all market players and aims to simplify procedures for companies wishing to access funding through public offerings and personalized financial information,” COSOB explained. The electronic portal, for its part, allows the online submission and tracking of approval and IPO applications, marking an important step in the digital transformation of the Algerian financial market.
For 2025, COSOB plans the operational implementation of the regulation on collective investment schemes with venture capital (OPCR), the widespread promotion of financial education, and the development of an incentive plan to encourage stock market listings. These achievements were praised by the Commission’s president, Youcef Bouzenada, who said, “The year 2024 laid the foundations for a solid and transparent market and set COSOB’s 2025 mission of modernization and innovation to support the financing of the national economy.”
COSOB also noted a context characterized by a profound transformation of the Algerian financial market, driven by major regulatory reforms, a technological innovation dynamic, and remarkable progress in stock market indicators. Two key regulatory texts adopted in 2024 were mentioned, which strengthen market solidity and transparency. These include regulations related to the prevention and fight against money laundering, terrorism financing, and the proliferation of weapons of mass destruction, as well as regulations on collective investment schemes with venture capital (OPCR), which open the way to new financing mechanisms benefiting startups, SMEs, and innovative projects.