Daily News Egypt

Hermes tops August brokerage transactions with EGP 5bn, 15% market share - Daily News Egypt

Advertising Area

Advertising Area



Hermes tops August brokerage transactions with EGP 5bn, 15% market share

Major change in August ranking was Mubasher International’s entry to top 10 list, at expense of Naeem Research which came in 11th place


The Hermes Securities Brokerage took the lead of value of stock trading in August, by executing EGP 5.07bn worth transactions, accounting for about 9% of the month’s total transactions.

It was followed by Financial Brokerage Group which controlled about 7.7% of the monthly turnover at EGP 4.3bn, with the duo accounting for about 16.7% of August trading.

In third place, the Commercial International Brokerage Company (CIBC) took a market share of 7.1% of stock market transactions during August, followed by Pioneers Securities and Beltone Securities Brokerage with transactions of 5.7% and 4.9%, respectively.

The companies competing for the top 10 spots on the monthly transactions list did not differ, with the exception of a change in position for some. The exception to this was Mubasher International’s entry to the top 10 list in August, at the expense of Naeem Research which came in 11th place.

Arabeya Online ranked sixth in August rankings, accounting for 3.8% transactions, followed by Mubasher and Sigma in seventh and eighth places, respectively. The latter two companies took an equal 3.6% share of the market, with a slight difference in the value of transactions.

Pharos Securities took 9th place, accounting for transactions worth EGP 1.9bn, representing about 3.4% of the transactions in August. Arqaam took a 3.1% share of the market, coming in at 10th place.

Topics: brokerage hermes

Advertising Area

https://dailyfeed.dailynewsegypt.com/2020/09/01/hermes-tops-august-brokerage-transactions-with-egp-5bn-15-market-share/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe