CSE revises trading charges

The Chittagong Stock Exchange has revised trading charges in line with the Dhaka bourse.
The port city bourse withdrew share transaction charges, commonly known as hawla, and increased the commission on trade to 0.03 percent from 0.02 percent earlier.
“This will supersede all previous decisions in respect of contract charges and commission,” the CSE said in a posting on its website yesterday.
Earlier on Wednesday, the Dhaka Stock Exchange revised its stock trading charges, following the introduction of a lot-free share transaction system last week, as those were slowing trade down.
The premier bourse withdrew the hawla charge and fixed the fees on trade value, at 0.03 percent instead of a 0.02 percent 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.