Mubasher for Securities (MubasherTrade) has taken the first position among brokerage companies operating in small Nile Exchange (NILEX) in terms of turnover during August 2014.
MubasherTrade achieved EGP 55.8 million turnover (4.96%), with traded volume reaching 10.56 million shares and number of transactions totaling 6455.
According to a report issued by the Egyptian Exchange (EGX), MubasherTrade achieved a leap in its ranking among peers to take the eighth notch and thus join the top ten brokerage companies in the stock market, in terms of value of executions carried out in EGX via the Internet.
MubasherTrade accounted for more than 4.53% of the market’s online transactions at a total value of nearly EGP 5.3 billion, with a traded volume of 1.9 million shares in 219.7 thousand transactions, the report showed.
MubasherTrade also came in the tenth rank on the list of retail transactions at a value of EGP 4.4 billion (2.14%), with a traded volume exceeding 1.666 million shares exchanged in more than 200,000 transactions.
The report also showed that the overall turnover recorded in August by MubasherTrade in the official market, OTC and NILEX total nearly EGP 5.4 billion (1.7%), at a traded volume of 1.9 billion shares and number of transactions reaching 227.7 thousand.