EFG-Hermes posts EGP100m consolidated profit in Q3 - Mubasher | Egypt

http://english.mubasher.info/EGX/news/2626388/EFG-Hermes-posts-EGP100m-consolidated-profit-in-Q3#.VGHnEoe6DeI

Such good news for the market, however, some analysts criticized EFG-Hermes, for not playing a market maker role, in order to balance the market during stressed times, though its huge operation and profits generated from its operation in Egypt, further, it is not providing enough research and statistics for more transparent and efficient markets. The lack of a market maker in the Egyptian market is deeply affecting the volatility and small investors.
Large investment banks and brokers, should start to form a market maker entity, whose role is to balance the market, i.e. buying stocks when the markets are down and selling when the market is up, hence stabilizing the market and making profits, specially with the introduction of the same day trading, and short selling.