Hermes Securities Brokerage ranked first among brokerage firms for the first month of 2021 in terms of securities trading, acquiring a market share of 8.8% valued at EGP 5.169bn.
It was followed by the Financial Brokerage Group, with a 5.5% market share representing EGP 3.22bn of transactions. Mubasher International for Securities came in third place with a 5.2% share of the market, through transactions that amounted to EGP 3.065bn.
Ehab Rashad, Vice Chairperson of Mubasher Capital Holding, said that the company aims to reach investments of EGP 1bn under its new platform, DU Invest, by the end of this year.
Rashad said that the company aims to attract 50,000 clients, with direct contracts whether with individuals or institutions.
He added that the platform includes 10 new products. The company commenced with the launch of its DU Invest product aimed at two segments of individuals of all income groups, starting from EGP 500.
This comes in addition to the DU Trade product, which is a trading application with a fixed monthly subscription without commissions, and a maximum of EGP 50 monthly.
Rashad said that the new products have witnessed great interest from companies that matched the interest of individual investors.
By a slight difference, Beltone Securities Brokerage came fourth through its acquisition of 5.1% of the market, which accounted for EGP 2.984bn in trading value.
In the fifth place came Pioneers Securities, with a market share of 5% of the trading values equalling EGP 2.945bn. With the same percentage, the Commercial International Brokerage Company came in sixth place, with EGP 2.945bn.
Arabeya Online Securities ranked seventh, acquiring 4.1% of transactions with a total value of EGP 2.414bn, followed by Pharos Securities, with a market share of 3.6% represented in transactions worth EGP 2.093bn.
Moataz Ashmawy, Managing Director of Arabeya Online, said that the company seeks to maintain its success in reaching individual clients and increase access to institutions during the coming period. This is provided that it tries to reach advanced positions in the coming months.
He explained that the company will conclude a number of deals in different sectors during the first quarter (Q1) of this year, and that it is working to seal them as soon as possible.
Taking ninth place, Arqaam Securities Brokerage recorded trading values of EGP 1.849bn, securing it a 3.1% market share.
Tycoon Securities was able to preserve its place on the Top 10 list in the 10th place. It acquired 3% of the market with transactions value of EGP 1.756bn.