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Financial Group, EFG-Hermes acquire 26% of EGX's transactions in H1 2017 - Daily News Egypt

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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


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%.

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