FRA reduces services charges on trading operations

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Sun, 10 May 2020 - 01:30 GMT

The Financial Regulatory Authority (FRA) - Logo

The Financial Regulatory Authority (FRA) - Logo

CAIRO - 10 May 2020: The Financial Regulatory Authority agreed on Sunday to reduce services charges on trading operations in line with the package issued by Prime Minister Moustafa Madbouli to activate the bourse and boost capital market growth rate.

Chairman of the authority Mohamed Omran said services charges on trading in listed bonds will be reduced to be 5 per 100,000 with a maximum limit of 250 pounds.

The move makes Egypt the least-cost market in terms of services charges on trading operations if compared to other money markets, he added.

Oman said the move reflects the authority's keenness on developing capital market and luring more investments.

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