By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    FRA to launch voluntary carbon market with 6 local projects
    FRA to launch voluntary carbon market with 6 local projects
    September 24, 2023
    Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
    Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
    September 24, 2023
    blinx: New digital media hub for Middle East’s youth
    blinx: New digital media hub for Middle East’s youth
    September 24, 2023
    ADNOC Distribution launches first ADNOC service stations in Egypt
    ADNOC Distribution launches first ADNOC service stations in Egypt
    September 24, 2023
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    September 24, 2023
  • Politics
    PoliticsShow More
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    September 24, 2023
    Al-Sisi highlights opportunities for mutual benefit with China
    Al-Sisi highlights opportunities for mutual benefit with China
    September 24, 2023
    Egypt, India affirm their strategic partnership, discuss regional issues
    Egypt, India affirm their strategic partnership, discuss regional issues
    September 24, 2023
    Pope Francis denounces ‘invasion’ rhetoric on migrants
    Pope Francis denounces ‘invasion’ rhetoric on migrants
    September 24, 2023
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    September 24, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Financial Group, EFG-Hermes acquire 26% of EGX’s transactions in H1 2017
Share
Notification
Latest News
FRA to launch voluntary carbon market with 6 local projects
FRA to launch voluntary carbon market with 6 local projects
Business
Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
Business
Health Minister orders probe into New Cairo Hospital violations
Health Minister orders probe into New Cairo Hospital violations
Egypt
Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
Egypt Politics
Al-Sisi highlights opportunities for mutual benefit with China
Al-Sisi highlights opportunities for mutual benefit with China
Egypt Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Stock Market > Financial Group, EFG-Hermes acquire 26% of EGX’s transactions in H1 2017
Stock Market

Financial Group, EFG-Hermes acquire 26% of EGX’s transactions in H1 2017

Alia Stouhi
Last updated: 2017/07/01 at 3:54 PM
By Alia Stouhi 3 Min Read
Share
EFG Hermes head office (Photo courtesy of EFG Hermes)
SHARE

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%.

You Might Also Like

EFG Hermes, Saudi Exchange host London forum to showcase Saudi equities

EFG Hermes advises on EMRC’s first securitized bond issuance worth EGP 472m 

EFG Hermes in process of managing 4 IPOs on Tadawul in 2023: Co-Head of Investment Banking

MENA IPOs gather momentum in Q2 2023, with 13 IPOs worth $1.8bn

Tokyo stocks end lower amid risk-averse sentiment

TAGGED: EFG Hermes, Financial Group
Share this Article
Facebook Twitter Email Print
Previous Article Financial Group maintains leadership among securities companies in June
Next Article Berlin 24/7: It’s not all about pandas in Berlin
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

FRA to launch voluntary carbon market with 6 local projects
FRA to launch voluntary carbon market with 6 local projects
Business
Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
Dreny & Partners advises on 14 securitised bonds issuances worth EGP 26bn
Business
Health Minister orders probe into New Cairo Hospital violations
Health Minister orders probe into New Cairo Hospital violations
Egypt
Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
Egypt Politics
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?