" Finance Control " reduces 20% on stock exchange trading services

Cairo - Eco - Fady Labib : The Board of Directors of the Financial Supervisory Authority agreed, in its meeting this morning, to reduce twenty percent in the cost of services received from trading operations on the Egyptian Stock Exchange, and to send the draft resolution to the Prime Minister to take measures to issue it in order to increase trading volumes on the Egyptian Stock Exchange ...

  This step comes in the interest of the Authority to develop the capital market and work to attract more investments, and in response to the package of incentives to support the stock market and improve the investment environment, which was recently issued by the Prime Minister at the end of last week and recommends reducing costs for services obtained from market institutions (Financial Supervisory Authority - The Egyptian Stock Exchange - Central Clearing, Depository and Registry Company - Continuous Protection Fund) for trading operations on the Egyptian Stock Exchange that take place on securities.

 The Egyptian market becomes more competitive among its counterparts from the regional and international capital markets, and the lowest cost in exchange for services for trading operations charged by the market regulators compared to the surrounding markets.