The Egyptian Financial Regulatory Authority is considering a plan to reduce trading fees and commissions to make the local bourse more competitive, Reuters reported Oct. 7, citing Khalid al-Nashar, the regulator's deputy chairman.
The plan would lower trading fees to 0.005% from 0.00625%, while clearing and settlement fees would be lowered to 0.0100% from 0.0125% and stock market commissions would fall to 0.0100% from 0.0120%, according to the report.
Additionally, the trading insurance-related charges on investors would be cut to 0.005% from 0.010%, the report said.
