PSX proposes standardized brokerage commission for GIS

MG News | October 24, 2024 at 04:56 PM GMT+05:00

0:00

October 24, 2024 (MLN): The Pakistan Stock Exchange (PSX) has proposed amendments to its regulations and Schedule of Charges concerning the standardization of brokerage commission applicable to securities brokers and the reduction of PSX Trading Fee for secondary market trading of GIS.

The introduction of standardized charges is expected to increase participation from Brokers, Banks, and Mutual Funds.

Additionally, it will make the GIS secondary market more competitive and bring trading activity on par with the Over-The-Counter market of GDS

Considering the above and in the interest of ensuring a competitive and equitable transactional structure, PSX is proposing to introduce following standardized brokerage commission structure for GIS:

In addition to the above, PSX is also proposing a reduction in Trading Fee and SECP Levy for GIS in the Schedule of Charges as below:

Thereby, PSX has invited all interested parties to provide written comments on the proposed amendments to PSX Regulations and Schedule of Charges.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	188,202.86 341.59M	-0.20% -384.80
ALLSHR	112,423.22 745.46M	-0.07% -79.96
KSE30	57,956.48 141.89M	-0.12% -70.41
KMI30	267,375.33 135.18M	-0.39% -1043.48
KMIALLSHR	72,363.20 391.84M	-0.20% -146.78
BKTi	53,485.97 53.11M	0.26% 139.85
OGTi	38,916.61 17.01M	0.72% 278.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,415.00	88,985.00 87,470.00	830.00 0.95%
BRENT CRUDE	66.69	66.78 65.00	1.10 1.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.65 -2.96%
ROTTERDAM COAL MONTHLY	99.00	0.00 0.00	0.30 0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.72	61.86 60.14	1.09 1.80%
SUGAR #11 WORLD	14.97	14.98 14.74	0.18 1.22%