Last year, the UAE markets witnessed a series of IPOs that were the strongest in the history of financial markets in the region. The largest entities and financial brokerage companies are already present in the Arabian Gulf, led by EFG Hermes, CI Capital, Naeem Holding, and a number of major financial brokerage companies. He added that brokerage firms should focus on increasing their profitability margins from the Egyptian market, and not focus on seizing an arrangement in “ranking” but rather on the quality of service provided while raising commissions, explaining that competition between brokerage firms over commissions reduced the quality of services provided in the Egyptian market. He explained that the Egyptian market enjoys promising opportunities for several axes, including that it is the largest market with the number of individuals present in the region. Pioneers Securities Brokerage ranked 8th in terms of trading values in the main market, accounting for 3.6% of the market share.

Source: Daily News Egypt July 03, 2023 18:44 UTC