Category: ALSE News

Through this press release, the Albanian Securities Exchange informs its members and the public that due to the actual situation and effects caused by the COVID-19, which brought the limitation of working hours and citizens’ movement by the Government, changes are made even in the operational hours of the Albanian Financial Instruments Settlement and Registration system. AFISaR is the central securities depository for Government debt securities and it is administrated by the Bank of Albania (central bank).

Given the ALSE trading is closely related with the settlement process of transactions for securities and cash (known as post-trading process), it is also necessary to change the operating hours of the stock exchange. Thus the entire the chains of trading-clearing-settlement process shall be carried out without any further problem.

For this reason, the ALSE Supervisory Board, has made its extraordinary meeting today at March 26^th 2020 in full compliance with the Article 162, point 2, of the law no. 9901, date 14.04.2008 “On merchants and commercial companies”. In this meeting, the ALSE Supervisory Board took the decision to change the official trading hours of securities in ALSE markets.

The new hours approved by the ALSE Supervisory Board, which will enter in force on March 27^th 2020, are as following:

Trading schedule only during the official trading days (Tuesday and Thursday)

Trading Schedule	Before	New Time-Schedule
Off – Exchange 1	09:00-10:00	08:30-09:30
Pre – Trade Hours	10:00-12:00	09:30-10:30
Official Trading Hours	12:00-14:00	10:30-11:30
Off – Exchnage 2	14:00-17:00	11:30-12:30

Off – Exchange transactions reporting hours in days other than the official trading hours in the stock exchange will be every Monday, Wednesday and Friday, from 9:00 AM to 12:00 PM.

The Albanian Securities Exchange appeals to the public to take into consideration the new time-schedules in order to trade Government Securities in the stock exchange. Furthermore, ALSE requires to its members to notify their clients (when this is possible) regarding the new trading time-schedule changes at ALSE.

The Albanian Securities Exchange guarantees the public that, even in these extraordinary conditions, will do its best, to ensure a free, fair, transparent and unbiased market, were investors can allocate their Government securities portfolio, listed in our markets.

The Albanian Securities Exchange is following closely the latest developments in our country and region regarding the impact in the capital markets caused by the COVID-19 outbreak and measures taken from homologue stock exchanges to ensure the continuance of their trading activity.

Based on the unusual situation in our country, ALSE has taken the necessary measures to provide security for its employees and continue normally its trading activity, at the same time.

Working processes together with information and technology infrastructure enables ALSE to handle this kind of crisis while operating normally via remote access.

Therefore, we notify the public, the investors and the market operators, that Albanian Securities Exchange will continue its normal activity as usually without disruptions, by closely following the domestic socio-economic developments together with decisions taken from the public authorities and/or regulators.

For more information about Reported Transaction (OTC) on 06.03.2020 click

Read More

For more information about Monthly Statistical Report February 2020 click here

For more information about Market Data on 03.03.2020 click

For more information about Market Data on 27.02.2020 click

Read More

This cooperation aims to raise awareness about financial education in terms of basic financial principles such as: savings, investments, financial market, securities, stock market and capital market.

The first phase of this collaboration begins with the preparation of a series of animated videos focused on financial education and the capital market. The videos will serve as an awareness and education instrument for the general public and young people in particular. This phase is projected to last about 6 months and the videos will be easily accessible on social media and social networks targeting a wide audience.

Albanian Securities Exchange (ALSE) is the first private equity securities exchange operating in the Republic of Albania, licensed by the Albanian Financial Supervisory Authority in July 2017. It started trading for the first time in February 2018. All types of financial instruments that meet the listing criteria in full compliance with the applicable legal and regulatory framework are traded on the ALSE. The Albanian Securities Exchange (ALSE) aims to create a domestic securities market which will become a key point of the local financial market to enable easier and faster access of Albanian business to free funding sources. Also, Albanian Securities Exchange (ALSE) aims to be a credible market in the eyes of local investors but also a serious and reliable partner for foreign investors.

Junior Achievement of Albania (JAA) is a strategic investment of the Albanian American Development Foundation (AADF) with institutional support of the Ministry of Education, Sports and Youth. The mission of Junior Achievement of Albania is to promote and support economic, financial education and entrepreneurship among young people in Albania. As a unique example among the 122 countries that implement the JA program in schools, the support ensures a quality inclusion of the JA program in the educational curriculum, capacity building of the teaching staff and the continued involvement of the business community in school life. A highlight of Junior Achievement of Albania achievements during 2019 was the recognition as a model organization among 40 sister organizations in Europe.

As an active part of the Albanian Network for Financial Education (ANFE), ALSE and JAA confirm their positive willingness to collaborate continuously on raising awareness about financial modules, securities market, savings, investments etc.

               

For more information about Market Data on 13.02.2020 click