Commercial International Brokerage Company knocked EFG Hermes off the top of the EGX’s brokerage table in August, gaining a 18.9% market share compared to EFG’s 12.1%, according to the EGX’s monthly brokerage rankings (pdf). Rounding off the top five were Beltone with 6.6%, Pioneers with 5.1%, and Mubasher with 4.2%.

MARKET WATCH-

The EGX30 rose 1.3% at today’s close on turnover of EGP 1.5 bn (1% above the 90-day average). Local investors were net sellers. The index is up 4% YTD.

In the green: Pioneers Holding (+4.3%), Fawry (+3.4%) and Rameda (+2.8%).

In the red: Heliopolis Housing (-0.9%), Raya (-0.7%) and Mopco (-0.7%).

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