Financial Group tops Egyptian brokerage ranking in 2020

Alyaa Stohy
3 Min Read
Egyptian Exchange , Brokerage

Financial Brokerage Group (FBG), Hermes Securities Brokerage, Commercial International Brokerage Company (CIBC), and Beltone Securities Brokerage have, for the second consecutive year, retained their respective top four positions for brokerage ranking.

FBG acquired the market lead during 2020, taking 11.9% of trades. These came in with a trading value of EGP 74.3bn executed on 7.6bn securities through 568,500 transactions.

Hermes came in second, with a market share of 8.1% from transactions estimated at EGP 50.7bn executed on 16.7bn shares.

CIBC came in third place, on the back of transactions amounting to EGP 48bn acquiring 7.7% market share.

Beltone came in fourth place with a 5.9% market share from total transactions amounting to EGP 36.8bn executed on 7.6bn securities.

Pioneers Securities settled in fifth place, two places ahead of its year-end ranking in 2019, with 5.6% of all transactions undertaken in 2020 to record a trading value ​​of EGP 35.13bn.

Amer Abdel Kader, Managing Director at Pioneers, said that the company focused on individual and institution transactions over the past year, which helped them maintain good levels.

Abdel Kader said his company aims to achieve better performance during 2021, on the back of an expected rise in stock prices, and the increase in trading volumes during the second half (H2) of the year.

He indicated that the petrochemical sector is among the areas that will show improvement during the year.

Abdel Kader added that Pioneers aims to open a new branch in the Fifth Settlement district of Cairo during H1 of 2021. He said that the opening of the branch had been planned for 2020, but that the circumstances in the country due to the coronavirus pandemic postponed these plans.

Meanwhile, Pharos Securities continued to occupy sixth position in the ranking, with a market share of 5.4% and a total trading value ​​amounting to EGP 33.9bn executed through 4,600 operations.

Arqaam Securities Brokerage fell by two ranks to come in seventh with 3.3% market share, and trades worth EGP 20.8bn on 2.9bn securities.

Mubasher International for Securities settled in the eighth place, advancing 3 positions, with a trading value of EGP 18.2bn, acquiring a 2.9% market share. In ninth place, Arabeya Online Securities settled, advancing 3 positions with a trading value of EGP 18.14bn and a market share of 2.9%.

Sigma Securities Brokerage retreated two positions to take 10th place, with a 2.7% market share and a total trading value of EGP 17.06bn.

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