Cairo – Mubasher: Mubasher International Trade for Securities (MubasherTrade) is looking to diversify its products in the Egyptian market as it has recently launched new services for companies and individuals.

The recently-launched services allow traders to subscribe to investment funds and purchase and redeem securities online.

According to a report by the Egyptian Exchange (EGX), Mubasher landed the sixth position in terms of the value of trading in the main market, excluding deals, with EGP 2.11 billion or 4.1% of the total turnover in September and with a trading volume of 801.51 million securities exchanged through nearly 110,250 transactions.

Ehab Rashad, Vice Chairperson of Mubasher Capital Holding for Financial Investments, announced that MubasherTrade obtained the first licence in Egypt to provide online subscription, purchase, and redemption services for investment funds.

He added that the company is awaiting the Financial Regulatory Authority’s (FRA) approval to provide custodian services in the market.