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Pioneers Securities snaps brokerage ranking top spot in January with 11.7% market share - Daily News Egypt

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Pioneers Securities snaps brokerage ranking top spot in January with 11.7% market share

CIBC came in second place with 10.3%, FBG third with 10.1% 


 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.

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https://wwww.dailynewssegypt.com/2020/02/02/pioneers-securities-snaps-brokerage-ranking-top-spot-in-january-with-11-7-market-share/
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