Monetary Brokerage Group (FBG), Hermes Securities Brokerage, Business Worldwide Brokerage Firm (CIBC), and Beltone Securities Brokerage have, for the second consecutive 12 months, retained their respective high 4 positions for brokerage rating.
FBG acquired the market lead throughout 2020, taking 11.9% of trades. These got here in with a buying and selling worth of EGP 74.3bn executed on 7.6bn securities by way of 568,500 transactions.
Hermes got here in second, with a market share of 8.1% from transactions estimated at EGP 50.7bn executed on 16.7bn shares.
CIBC got here in third place, on the again of transactions amounting to EGP 48bn buying 7.7% market share.
Beltone got here in fourth place with a 5.9% market share from whole transactions amounting to EGP 36.8bn executed on 7.6bn securities.
Pioneers Securities settled in fifth place, two locations forward of its year-end rating in 2019, with 5.6% of all transactions undertaken in 2020 to report a buying and selling worth of EGP 35.13bn.
Amer Abdel Kader, Managing Director at Pioneers, mentioned that the corporate targeted on particular person and establishment transactions over the previous 12 months, which helped them preserve good ranges.
Abdel Kader mentioned his firm goals to realize higher efficiency throughout 2021, on the again of an anticipated rise in inventory costs, and the rise in buying and selling volumes in the course of the second half (H2) of the 12 months.
He indicated that the petrochemical sector is among the many areas that can present enchancment in the course of the 12 months.
Abdel Kader added that Pioneers goals to open a brand new department within the Fifth Settlement district of Cairo throughout H1 of 2021. He mentioned that the opening of the department had been deliberate for 2020, however that the circumstances within the nation because of the coronavirus pandemic postponed these plans.
In the meantime, Pharos Securities continued to occupy sixth place within the rating, with a market share of 5.4% and a complete buying and selling worth amounting to EGP 33.9bn executed by way of 4,600 operations.
Arqaam Securities Brokerage fell by two ranks to return in seventh with 3.3% market share, and trades value EGP 20.8bn on 2.9bn securities.
Mubasher Worldwide for Securities settled within the eighth place, advancing 3 positions, with a buying and selling worth of EGP 18.2bn, buying a 2.9% market share. In ninth place, Arabeya On-line Securities settled, advancing 3 positions with a buying and selling worth of EGP 18.14bn and a market share of two.9%.
Sigma Securities Brokerage retreated two positions to take tenth place, with a 2.7% market share and a complete buying and selling worth of EGP 17.06bn.