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Tuesday, 5 September 2017

EFG Hermes tops brokerage league tables for August

EFG Hermes topped the EGX’s brokerage league table for August with a 12.6% market share, according to Youm7. CI Capital came in second with a market share of 11.2%, followed by Pharos Holding (5.5%), Pioneer Holdings (5.2%) and Beltone Financial (4.7%).

In other news from the world of finance: Mubasher has landed a mandate to do a fair value report, according to Al Borsa. The news comes after the company said it was seeking a license of offer financial advisory services. Mubasher will do a FV report on Egypt Gas, which was required to commission the report in August after the stock went on a tear, breaking the regulatory threshold of 50% up / down in three months or less. Mubasher closed August as the eighth-largest brokerage in Egypt by market share.

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