CSE reduces commission charge

Chittagong Stock Exchange (CSE) has reduced commission charge on daily share transaction with effect from today (Tuesday), officials said.
The decision was taken at a board meeting held Monday at its Dhaka office presided over by its chairman Dr. Muhammad Abdul Mazid.
Under the revised charge, the new commission on daily share transaction will be 0.018 per cent on share transaction valued Tk 0 to Tk 50 million, 0.015 per cent on transaction ranging from Tk 50 million to Tk 100 million and 0.013 per cent on transaction valued above Tk 100 million, said CSE in a statement on Monday.
The contract or hawla charge will be Tk2 per contract. However, CSE brokers may charge per transaction Tk 8 or 1.0 per cent (of total transaction value), whichever is higher.
Earlier, the port city bourse withdrew share transaction charges, commonly known as hawla, and increased the commission on trade to 0.03 per cent from 0.02 per cent earlier in line with Dhaka Stock Exchange (DSE).
The DSE revised its stock trading charges on December 17, following the introduction of a lot-free share transaction system, as those were slowing trade down.
The premier bourse withdrew the hawla charge and fixed the fees on trade value, at 0.03 per cent instead of a 0.02 per cent rate. The hawla charge was Tk 4 (Tk 2 at buyer's end and Tk 2 at seller's end) for each contract as of Wednesday.
The issue of revising the charges came into consideration after the bourse replaced its 16-year-old trading system with a new mechanism, allowing investors to trade single shares instead of in lots.
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