Pioneers Securities rose 8 positions to the top spot among brokerage firms in January, during January, with a trading value that amounted to EGP 3.6bn, individually accounting for 11.7% of the total volume of market transactions during the month.
The Commercial International Brokerage Company (CIBC) advanced to the second place with EGP 3.19bn, equivalent to 10.3% market share, a slight difference from EFG Hermes’ Financial Brokerage Group (FBG) which retreaded to the third spot with EGP 3.1bn, and 10.1% market share.
Pharos Securities ranked fourth with a total turnover of EGP 2.1bn representing 6.9% of the market, while Naeem Brokerage jumped eight places, to the fifth place, with EGP 1.8bn, and 5.9% market share.
Arqaam Securities Brokerage, which continued in sixth place for the second month with a 5.7% market share through transactions worth EGP 1.7bn, followed by Hermes Securities Brokerage, which declined 6 positions, with EGP 1.5bn, and a market share of 5.1%.
Similarly, Beltone Securities Brokerage retreated by four spots to the eighth place, with EGP 1.2bn, accounting for 4% market share.
Sigma Securities Brokerage came in ninth, advancing by three places, while Osool ESB Securities Brokerage (EBSC) came in tenth place.