PSX proposes standardized brokerage commission for GIS
MG News | October 24, 2024 at 04:56 PM GMT+05:00
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.
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