Hermes tops August brokerage transactions with EGP 5bn, 15% market share

Mohamed Abdel Meguid
2 Min Read
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. REUTERS/Louafi Larbi (EGYPT - Tags: POLITICS CIVIL UNREST BUSINESS)

The Hermes Securities Brokerage took the lead of value of stock trading in August, by executing EGP 5.07bn worth transactions, accounting for about 9% of the month’s total transactions.

It was followed by Financial Brokerage Group which controlled about 7.7% of the monthly turnover at EGP 4.3bn, with the duo accounting for about 16.7% of August trading.

In third place, the Commercial International Brokerage Company (CIBC) took a market share of 7.1% of stock market transactions during August, followed by Pioneers Securities and Beltone Securities Brokerage with transactions of 5.7% and 4.9%, respectively.

The companies competing for the top 10 spots on the monthly transactions list did not differ, with the exception of a change in position for some. The exception to this was Mubasher International’s entry to the top 10 list in August, at the expense of Naeem Research which came in 11th place.

Arabeya Online ranked sixth in August rankings, accounting for 3.8% transactions, followed by Mubasher and Sigma in seventh and eighth places, respectively. The latter two companies took an equal 3.6% share of the market, with a slight difference in the value of transactions.

Pharos Securities took 9th place, accounting for transactions worth EGP 1.9bn, representing about 3.4% of the transactions in August. Arqaam took a 3.1% share of the market, coming in at 10th place.

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