The Committee for the Regulation and Supervision of Stock Market Operations (COSOB) issued today, Sunday, its annual report on the activity of the Algerian stock market for the year 2024. The report highlights the main regulatory and institutional developments witnessed by the Algerian financial market during the year, alongside financial and operational performance indicators of listed companies, brokers, and collective investment schemes.

The report confirmed that 2024 was a pivotal year in the modernization of the financial market following the adoption of the new Stock Market System No. 23-04, which replaced the previous regulation dating back to 1997. Structural reforms were introduced to simplify access for small and medium enterprises to the stock exchange, enhance transparency, and increase the market’s attractiveness for local and international investors.

The year also saw the listing of the People’s Credit Bank of Algeria as the first public bank on the financial market, in a successful subscription worth more than 112 billion Algerian dinars, involving 42,000 investors, which raised the total market capitalization to about 521 billion dinars. Additionally, authorization was granted for the issuance of shares by the Local Development Bank, and the first startup company “Mostachir” was approved to enter the market in an unprecedented step to encourage entrepreneurship.

The report noted a record growth in trading volume reaching 2.76 billion dinars, an increase exceeding 440%, alongside the launch of the unified window and the financial market’s electronic portal, two digital tools aimed at simplifying procedures, facilitating institutional access to the market, and enhancing transparency and administrative efficiency.

On the legislative front, the committee issued several regulatory texts related to combating money laundering and terrorism financing, integrating collective investment schemes for venture capital, as well as instructions to raise standards of control, governance, and registration of sponsors and financial advisors.

In terms of international openness, the committee participated in regional and international meetings and conferences with Arab, African, and international financial organizations and bodies, contributing to consolidating Algeria’s position in the global financial landscape and exchanging expertise on financial innovation and sustainable finance.

The report also highlighted the committee’s efforts in developing national competencies through organizing specialized courses in financial analysis, Islamic finance, and anti-money laundering, alongside programs aimed at brokers and financial experts to enhance market professionalism.

The committee concluded its report by reaffirming its commitment to continue the reform path and deepen the modernization of the national financial market, in line with the strategic directions of President Abdelmadjid Tebboune, aiming to make the financial market a real lever for financing the national economy and promoting sustainable development.