VOL. XLII

No. 39

27-September-1999

ALGERIA

Algeria Adds Second Listing To Stock Exchange

Algeria added a second company to its stock market on 20September with the listing of the pharmaceutical firm Saidal. According to theAlgerian Press Service (APS), Saidal, which made an initial pubic offering of2.3mn shares in February, increased in price by AD25 ($0.38) to AD825 ($12.45)with 54 shares trading hands. The foodstuff company Eriad, which was listed onthe stock exchange on 13 September (MEES, 20...