FRA cuts service fees on EGX trades in stimulus for market

The Financial Regulatory Authority is cutting service fees for securities traded on the EGX to 0.005% on transactions to a maximum of EGP 250 to spur trading volumes, Hapi Journal reports. The fee was originally set at 0.00625%. Fees for bonds, debt instruments, and sukuk will fall to 0.0025% of the total transaction value.