Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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    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    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    







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



Financial Group, EFG-Hermes acquire 26% of EGX's transactions in H1 2017
Financial Group executed transaction of EGP 51.7bn, thanks to the Bin Rushd deal
Alia Stouhi Published in Daily News Egypt on 02 - 07 - 2017

The Financial Group and EFG-Hermes accounted for 26% of brokerage firms' total transactions in the Egyptian Exchange in the first half (H1) of this year amounting to EGP 91bn. The two companies implemented transfer transactions of EGP 13bn for businessperson Abdel Mounim bin Rushd.
The Financial Group Brokerage carried out transactions worth EGP 51.7bn accounting for the highest semi-annual corporate transactions with the largest market share of 14.7%. The company also had the largest volume of deals in H1 2017, with a market share of 26.9%. It ranked the first in terms of deals at a value of EGP 24.5bn, as well as transactions of institutions and foreigners.
EFG-Hermes came in second place with a turnover of EGP 39.4bn and a market share of 11.2% of the companies' transactions. EFG-Hermes held second place in the main market after excluding deals, executing transactions of EGP 39.3bn. It also won the lead in transactions of individuals and Arabs.
Commercial International Brokerage Company came in third place with transactions of EGP 28.7bn and a market share of 8.2%.
The majority of the CIB's transactions were implemented through electronic trading, topping the list of trading via the Internet at a value of EGP 20.9bn.
Al Rowad Securities Brokerage held fourth place for the first time thanks to the deals market. It executed total transactions during H1 2017, amounting to EGP 24.6bn, representing a market share of 7% of the companies' total transactions.
Al Rowad came in second place in terms of the deals market, totalling EGP 23bn representing a market share of 25%.
Pharos Securities came in fifth place with a total transactions of EGP 14.6bn and a market share of 4.2%. Beltone Securities ranked sixth with total transactions of EGP 14.3bn and a share market of 4.1%. The HC Securities and Investment came in seventh place with transactions worth EGP 14.1bn and a market share of 4%.
Pioneers Securities ranked eighth, with transactions of EGP 12.7bn and a market share of 3.6% in H1 2017, followed by SIGMA Capital Securities Brokerage with transactions of EGP 8.8bn and a market share of 2.5%.
Mubasher International for securities came in the last place among the top ten securities companies, with a turnover of EGP 8bn and a market share of 2.3%.

Clic here to read the story from its source.