Egyptian Arabian Securities Brokerage EAC (Cmar) intends to roll out a stock trading mobile application targeted at young investors in early 2021, Managing Director Adel Abdel Fattah told Al Mal News website.

With the new product, electronic transactions are aimed to represent 70% of its total, Abdel Fattah said.

The company posted a net profit of EGP 2,868,082 in the first half of 2020, compared to EGP 3,669,353 achieved in the prior-year period.

Cmar, formerly known as the Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services.

The company operates a range of investment activities that include sale and purchase of securities, mediation in the purchase and sale of securities to investors in the Egyptian capital market, and providing financial advice, e-trading, establishment and ownership transfer, provision of training sessions, and financial advisory services.