FBG keeps brokerage ranking YTD with EGP 36.2bn trading value

The Commercial International Brokerage Company (CIBC) came second with a EGP 17.7bn trading, representing a 9.7% market share. Hermes Securities Brokerage came third with a EGP 15.9bn trading value, and an 8.7% market share.

Alyaa Stohy June 1, 2020

A general view of the Egyptian Exchange (EGX) in Cairo August 18, 2013. Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood. Banks and the stock market reopened for the first time since Wednesday's carnage, with shares rapidly falling 2.5 percent.

EFG Hermes’ Financial Brokerage Group (FBG) has maintained its top ranking in the market year to date, with a trading value of EGP 36.2bn, accounting for 19.8% of the total market transactions for the period.

Pharos Securities Brokerage came in fourth place, after executing EGP 9.9bn of the total market turnover in April, with 5.4% of market transactions. Pioneers Securities ranked fifth with a total turnover of EGP 8.8bn, representing 4.8% of the market. Beltone Securities Brokerage came in sixth place, with a 4.5% market share through transactions worth EGP 8.3bn.

Arqaam Securities Brokerage ranked seventh with EGP 7.3bn worth transactions and holding 4% of the market. Naeem Brokerage came in eighth place with operations of EGP 5.1bn, representing 2.8% of the market. Meanwhile, Sigma Securities Brokerage ranked ninth with a 2.5% market share amounting to EGP 4.5bn.

Prime Securities Brokerage was the tenth largest company, with operations worth EGP 4bn, equivalent to 2.2% of the market.