Algiers Stock Exchange

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The Management Company of the Stock Exchange (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, because the four highly rated values [1] total a market capitalization of 13,267,744,130 DA or about 13.3 billion AD (or 133 million euros). [2]

Contents

History

The first attempt

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.

Actual start of the Algiers Stock Exchange

Taxation

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 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.

Notes and references

  1. "Archived copy". Archived from the original on 2011-02-21. Retrieved 2012-01-06.{{cite web}}: CS1 maint: archived copy as title (link)
  2. "Le niveau de capitalisation de la Bourse d'Alger augmente de 62%".
  3. "Archived copy". Archived from the original on 2011-02-21. Retrieved 2012-01-06.{{cite web}}: CS1 maint: archived copy as title (link)

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