This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.

     

    Egypt’s Financial Regulatory Authority (FRA) has approved the trading fees reduction of transactions on the Egyptian Exchange (EGX) to encourage investment and create a competitive environment, the authority announced on Sunday.

    The decision will now be sent to the cabinet for final approval, the FRA said in a statement.

     

    This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.

     

    Additionally, expenses of the Investor Protection Fund by 50% to 0.005% from 0.010%.

     

    Ahead of the decision the FRA held several meetings with market participants to discuss proposals to reduce transaction fees on the EGX in a bid to encourage investment and create a competitive environment.

     

    MARKET STATUS: OPEN

    loading...
    Arab Developers Holding0.19451,786,76530/07
    Orascom Financial Holdings0.74360,389,69830/07
    Orascom Investment Holding1.13326,385,86530/07
    Aspire Capital Holding For Financial Investments0.29253,277,46630/07
    Cairo Oils & Soap0.36199,121,92230/07

    🇪🇬 Egyptian Pound



    african indices

    BRVM-CI311.27+0.16%30/07
    BSE DCI10,498.75-30/07
    DSE ASI2,430.80+0.31%30/07
    EGX 3033,859.68-0.66%30/07
    GSE-CI6,670.27+0.38%29/07
    JSE ASI99,165.06+0.47%29/07
    LuSE ASI20,964.27+0.36%30/07
    MASI19,446.17+0.21%29/07
    MSE ASI382,576.41+0.08%30/07
    NGX ASI139,278.67+0.99%30/07
    NSE ASI163.67-0.50%30/07
    NSX OI1,785.05-0.13%29/07
    RSE ASI150.39-30/07
    SEM ASI2,157.98+0.52%30/07
    TUNINDEX11,855.80-0.16%28/07
    USE ASI1,338.54+0.46%30/07
    ZSE ASI202.03+0.29%30/07