مجلة الباحث الإقتصادي
Volume 14, Numéro 1, Pages 244-257
2026-06-30

Analysis Of The Activities Of The Algerian Stock Exchange Through The Activation And Operation Of Capital Market Development Indicators

Authors : Kaci Yasmina . Elhadjahmed Faouzi .

Abstract

Established in 1999, the Algiers Stock Exchange has played a crucial role in mobilizing both domestic and international capital, expanding investment opportunities, and enhancing corporate credibility. It comprises various key entities, including the Securities Exchange Management Company, Stock Exchange Operations Brokers, and the Central Trustee, all operating within the framework of Algeria Clearing. As a vital financial institution, the exchange contributes significantly to fostering savings and investment within the broader economic landscape by providing a structured marketplace for capital allocation and corporate growth. However, despite its strategic importance, the Algiers Stock Exchange faces persistent challenges that hinder its development. One of the most critical obstacles is the pronounced illiquidity in the secondary market, which restricts trading volumes and investor participation. This lack of liquidity not only undermines market efficiency but also discourages potential issuers and investors.

Keywords

Algiers Stock Exchange, Stock Exchange Stagnation, Indicators for Measuring the Development of The Algiers Stock Exchange.