EFG implements 25% of Q2 transactions worth EGP 36.2bn, acquires 59.6% of transactions market

Alia Stouhi
3 Min Read
The new headquarters of the Egypt-based investment bank EFG-Hermes is seen on the outskirts of Cairo October 19, 2010. REUTERS/Asmaa Waguih (EGYPT - Tags: BUSINESS)

EFG has ranked first in terms of transactions among other brokerage companies in the second quarter (Q2) of 2017, with a major difference between it and its competitors, implementing 25% of the total transactions carried out over the past three months worth EGP 36.2bn, thanks to its large implementations in the market of transactions, where it acquired 59.6% of the transactions market, worth EGP 23bn, which it means it has implemented more than what all other brokerage companies implemented together.

With a difference of EGP 23bn, CI Capital ranked second with total transactions of EGP 12.97bn, where it obtained a market share of 8.9% of companies’ transactions. In terms of electronic transactions, the company ranked first with EGP 10.7bn in a market share of 16.2% of the electronic trading carried out throughout that period.

HC Brokerage ranked third with transactions worth EGP 10.7bn with a market share of 7.4%, supported by the transactions of the transactions market where it ranked second in it, with a value of EGP 8.7bn. It acquired 22.5% of the transactions of Q2 2017.

Hermes Securities Brokerage acquired the fourth place, with total transactions worth EGP 10.4bn, which represents a market share of 7.2% of total companies’ implementations during that period.

Beltone Securities Brokerage ranked fifth, with total implementations worth EGP 6.5bn with a market share of 4.5%. It was followed by Pioneers Securities Brokerage in the sixth place with implementations worth EGP 4.9bn, through which it acquired a market share of 3.4%.

With a smaller number of implementations, Pharos Securities Brokerage ranked seventh with transactions worth EGP 4.3bn and a 2.9% market share.

Sigma Securities Brokerage ranked eighth with transactions worth EGP 3.5bn through a market share of 2.4% of the transactions of securities companies’ during Q2 2017. It was followed by Mubasher International in the ninth place, worth EGP 3.4bn and a 2.3% market share.

Arqaam Securities Brokerage managed to be included in the list of the top ten companies through transactions worth EGP 2.7bn and a market share of 1.9%.

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