AFG launches Sky Bridge complex in New Capital    Dahab Development opens reservation for ITC project at New Capital    Egypt is Canada's top trading partner in Africa: Ambassador Louis Dumas    Hope Givers Foundation honours Egyptologist Ali Abu Dashish    EJB forms new board, pledges to support national economy    Travel bans due to Omicron "hammer blow" to South Africa's local economy recovery: official    Egypt celebrates Day of Mediterranean    MICO entertainment platform enters Egyptian market    Health Ministry advises public to adhere to protective measures to tackle Omicron variant    Art D'Egypte concludes 4th contemporary art exhibition "Forever is Now" at Giza Plateau    Austrian Cultural Forum in Cairo to launch exhibition highlighting Arab-Austrian ties    Egypt, Israel sign deal sign MoU to increase gas supplies, hydrogen transport    Egypt's stocks end week in green as benchmark EWX 30 surges 0.69%    Mortada Mansour sets road map for Zamalek, after normalization committee depart    I seek to secure stable financial sources to build strong judo team: Motei Fakhr El-Din    Egyptian karate players dazzle world in UAE    Orascom Construction joins consortium to develop Egypt's first green hydrogen production facility    Egypt's high committee to organise COP27 convenes to review preparations    98 potential candidates run for Libyan presidency    'Lake Victoria – Mediterranean' navigation corridor awaits feasibility studies, funds: official    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Palestine's Foreign Ministry rejects UK's decision to designate Hamas as terror group    Egypt selected to host COP27 international climate conference in 2022    Number of British tourists to Egypt seen hitting 500,000 this winter – envoy    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt, Greece ink deal for first subsea power link between Europe and Africa    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EFG Hermes ranks first in Egypt, Kuwait, Dubai, and Kenya during 2020
Published in Amwal Al Ghad on 19 - 01 - 2021

EFG Hermes ranked first for in Egypt, Kuwait, Dubai, and Kenya, placing second in Abu Dhabi and Nigeria (by value traded), and securing a third-place spot in Oman during FY 2020.
The leading financial services corporation in frontier emerging markets (FEM), released today its overall brokerage rankings for markets across its four-continent footprint,
The company works to offer clients unparalleled coverage of 12 markets in the MENA region and 75 frontier markets.
"Despite the unprecedented conditions brought on by the COVID-19 pandemic, which saw a global slump in investor sentiment, we're proud to have maintained our top rankings and execution volumes across our MENA footprint," said Ahmed Waly, EFG Hermes Head of Securities Brokerage.
"Thanks primarily to the perseverance of the team, we've managed to leverage our already strong positioning to capture opportunities brought on by market conditions, allowing us to continue to grow our presence in some of the world's most compelling markets in the region."

EFG Hermes maintained its number one ranking on the EGX, capturing a market share of 36.40% in 2020 and held on to its top ranking on the DFM and Nasdaq Dubai, with market shares of 32.53% and 58.33% respectively.
The division ranked first in Kuwait for the third year in a row as trading activity picked up before and after the MSCI rebalancing event in November that saw the market upgraded to EM status.
The Firm hit the highest number of total executions across the region ever traded by the division at USD 2.7 billion during the event.
EFG Hermes secured a second ranking on the ADX with a market share of 27.57% and won a second-place spot in KSA among foreign brokerage firms with a market share of 2.22%. It was also among the top ranked brokers in Oman, capturing a market share of 24.50% and ranking third.
"We are extremely optimistic about the year ahead for FEMs, particularly with foreign inflows already being seen toward the end of the year, a trend we expect to continue into the asset class, and believe the steps we've taken this year put us in an ideal position to capture growth," said Ali Khalpey, CEO of EFG Hermes Frontier.
"We're forging ahead with plans to consolidate the base we've built in these markets and will continue working to gain greater footing in Sub-Saharan Africa as well as Southeast Asia by launching new products, offering new services, and creating partnerships that continue to place us as the broker of choice for all investor classes."

Entering the market only three years ago, EFG Hermes is now the top-ranked brokerage player in Kenya with a 52% market share, significantly outpacing all other players.
Meanwhile in Nigeria, EFG Hermes capitalized on gains made since entering the market to stand as the second ranked broker by value traded with a market share of 19.2%.
The Firm also ramped up execution capabilities across Sub-Saharan Africa, with shares worth USD 717.4 million changing hands in Kenya, USD 483.9 million in Nigeria, USD 33.6 million in Ghana, and USD 20.3 million in Tanzania, among others.


Clic here to read the story from its source.