Shoukry: The company opens a new branch in Alexandria
Hassan Shukry, managing director of HC Securities, revealed that his company is working on a deal worth 500 million pounds that will be implemented during the first quarter, explaining that the company is seeking to add 3 new branches after the opening of a new branch in Alexandria.
Shukry added to the “Stock Exchange”, that the company is expanding in the field of electronic trading, especially after the pandemic circumstances, and is working on more than one application in the digital field, and it is expected that these applications will be launched during the current year.
HC Securities Brokerage opened a new branch of the company in Alexandria Governorate, to provide its various services in the fields of securities trading and electronic trading for the Prime Time Zone of this active governorate and the neighboring regions, after obtaining the necessary permits and licenses from the Financial Supervisory Authority, bringing the number of company branches to 8 Branches nationwide.
Shukry said that the opening of the Alexandria branch is a continuation of the company’s endeavors to expand in the governorates of Egypt, especially the Delta, in light of the great interest of individuals to invest in securities, as they acquired the largest sector of trading, reflecting the trends of the capital market in the current period.
He stressed that the company has a positive vision for the market in 2021, which makes it continue to expand services for individuals in light of the presence of potential opportunities for investment growth in the stock market.
He added that the company plans to include other cities in the bouquet of branches of HC for trading securities in Lower and Upper Egypt, and encourages this expected improvement in the performance of the Egyptian economy next year, and thus the performance of the capital market despite the crisis of the Corona virus outbreak.
He said that the positive results of HC’s endeavors to increase its share of retail trading are also encouraging, which has begun to bear fruit, as the company’s market share in the retail sector doubled from 0.5% at the end of 2015 to 1.5% at the end of 2020, and the company’s ranking in terms of trading volume also jumped Individuals from 55 to 19 in the same time span.
Shukr emphasized that the Egyptian capital market will receive great interest from the foreign investor in 2021, whether in fixed return instruments or stocks, as the returns of Egyptian debt instruments are still attractive compared to other markets. And for stocks.
The Egyptian capital market witnessed a drop in prices greater than other markets, especially as the Egyptian economy is expected to be the only economy in the region that will record growth, according to the estimation of many international bodies, including the World Bank.
The article «HC» seeking to implement a deal worth 500 million pounds during the first quarter of the year was written in the newspaper Al-Borsa.