This article needs additional citations for
verification. (July 2024) |
La Bourse d'Algérie بورصة الجزائر | |
![]() | |
Type | Stock exchange |
---|---|
Location | Algiers, Algeria |
Founded | May 25, 1997[1] |
Key people | Yazid Benmouhoub ( CEO) [2] |
Currency | DZD |
No. of listings | 6 |
Market cap | US$3,937,795,681 |
Indices | Dzair Index |
Website |
sgbv |
The Society of Stock Exchange Management (in French: Société de gestion de la bourse des valeurs; 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]
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.
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 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.
Dzair Index
PME index (small and medium corporations)
This article needs additional citations for
verification. (July 2024) |
La Bourse d'Algérie بورصة الجزائر | |
![]() | |
Type | Stock exchange |
---|---|
Location | Algiers, Algeria |
Founded | May 25, 1997[1] |
Key people | Yazid Benmouhoub ( CEO) [2] |
Currency | DZD |
No. of listings | 6 |
Market cap | US$3,937,795,681 |
Indices | Dzair Index |
Website |
sgbv |
The Society of Stock Exchange Management (in French: Société de gestion de la bourse des valeurs; 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]
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.
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 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.
Dzair Index
PME index (small and medium corporations)