Hermes Securities, a leading financial brokerage firm, has emerged as the top player in the brokerage market.
Hermes Securities tops the list of Egypt's brokerage firms - File Photo
Hermes Securities, a leading financial brokerage firm, has emerged as the top player in the brokerage market in terms of trading value on the floor of the Cairo Exchange and Nile Stock Exchange during the past week.
With a trading value of EGP 1.1 billion, the company has captured a market share of 18.1%. Meanwhile, Commercial International Brokerage Company (CIBC) came in second with a total trading value of EGP 596.9 million, representing a market share of 9.8%.
Prime Securities ranked third with a trading value of EGP 522.2 million, securing a market share of 8.6%.
Direct Securities Trading and Bonds (Mubasher) came in fourth with a trading value of EGP 413.6 million and a market share of 6.8%, while EFG Hermes International Securities Brokerage claimed the fifth position with a trading value of EGP 387.3 million and a market share of 6.4%.
Arabia Online Securities Brokerage ranked sixth with a trading value of EGP 333.2 million and a market share of 5.5%. Pioneer Securities Brokerage came in seventh with a trading value of EGP 318.2 million and a market share of 5.2%.
Fleet Securities ranked eighth with a trading value of EGP 257.9 million and a market share of 4.3%. Thunder Securities Brokerage and Ahli United Bank Egypt Securities Brokerage secured the ninth and tenth positions with a trading value of EGP 235.8 million and EGP 208.7 million, respectively, with market shares of 3.9% and 3.4%, respectively.
These rankings are according to the weekly report of the stock exchange on the ranking of brokerage firms.
The strong performance of Hermes Securities highlights the company's ability to effectively navigate the volatile economic environment, providing investors with a reliable platform for trading and investment. This news also reflects positively on the wider Egyptian economy, which has seen steady growth in recent years.
