[Last updated: 1 February 2026, unless otherwise noted]

The Caracas Stock Exchange (Bolsa de Valores de Caracas or BVC), is a company incorporated in Venezuela, registered before the First Commercial Registry of the Judicial Circumscription of the Capital District, on 21 January 1947, under No. 74, Volume 6-A. The BVC operates by means of an authorization granted by the National Superintendency of Securities (SUNAVAL), in accordance with the Decree with Rank, Value and Force of Law on Securities Market (SML)¹.

Currently, the BVC is the main stock exchange in Venezuela. The BVC has three main sectors that operate under two subdivisions: equities and bonds. The three sectors are: (i) industrial sector; (ii) service sector, and (iii) financial sector. Listed securities are settled through the current clearing house (Caja Venezolana de Valores or CVV), with the respective brokers previously authorized to act in such capacity. They must place the orders under the principles of "best execution", which considers price, volume and the probability of execution.

The BVC classifies listed companies pursuant to their industry, as stated above. As of 1 February 2026, there were 32 listed companies on the BVC. These companies include the following sectors: agriculture, manufacture, energy, banking and financial companies. Foreign securities can also be listed on the BVC if authorized by the SUNAVAL - with the previous binding opinion from the Ministry of the People's Power of Economy, Finance and Foreign Trade (Ministry of Finance).

All operations in the BVC are made through the Integrated Electronic Trading System (SIBE), which allows the placement of purchase and sale orders, the evaluation of their conditions and their dissemination to the market, through operations by brokers in brokerage houses in real time. The corresponding market capitalization is expressed in the Caracas Bursatile Index (CBI), which is calculated based on all major securities exchanged in the BVC. Currently, 14 listed securities are used to calculate said index, using these parameters: (a) share price; (b) index-weighting stocks, and (c) market capitalization.