Algiers Stock Exchange: 48% capitalization increase, 8% rise in transaction value in 2022

These figures were released on the occasion of the publication of the 2022 annual report, under the activities of the securities market, prepared in accordance with the provisions of the legislative decree 93-10 of 10 May 1993, as amended and supplemented, relating to the securities exchange, the statement said.

The report, found on the COBOS website (https://www.cosob.org), provides an overview of the stakeholders’ activities in the financial market and presents key statistics on the stock market activity that marked 2022, the statement said.

It will certainly allow the different players in the Algiers financial market and the investing public in listed stocks and bonds to form an opinion that is both comprehensive and thorough on the activity of the securities market in Algeria, COSOB said.

It adds that the report deals mainly with the activities of the Commission with a focus on the monitoring activity carried out on market professionals (stock transactions brokers, account keepers, venture capital companies).

The financial communication and information of listed companies are also dealt with, detailing the main financial and management indicators for each, the statement said.

Regarding key figures, COSOB recorded “a notable increase” in market capitalization (+48%), and an 8% growth in the total value of stock transactions.

Also, the overall amount of stock orders recorded a significant increase of 55%. This “very considerable” progression indicates a certain recovery in the stock exchange activity in 2022, despite the repercussions brought about by the Covid-19 pandemic crisis.

The venture capital activity, for its part, witnessed increasing dynamism with five licensed companies leading the sector. The activity brought about an amount of shareholding of about DZD6.5 billion, which corresponds to 152 shareholdings in companies, 37 of which were registered in 2022, the institution said.