Trading the transferred values on the stock exchange according to the Algerian legislation

Abstract

Through our research on the subject of securities trading on the stock exchange, we will try to highlight how the Algerian legislator treats the process; by addressing the types of negotiable securities; the conditions and procedures to be followed.By analyzing the texts governing the stock exchange, we came to the conclusion that within the framework of the regulation of the COSOB(Commission,Organisation, Surveillance,Operations, Bourse) No. 97/03, the negotiable securities were mainly shares and bonds issued by the joint-stock company. However, in 2012, the legislator has modified the conditions for listing securitieson the market of small and medium enterprises in order to boost the financial market