Dhaka, Bangladesh (BBN)-Bangladesh has reduced the share transaction fees by 14.50 percent to 0.015 percent, officials said.
Central Depository Bangladesh Limited (CDBL), which provides services to the Bangladesh Capital Market – Dhaka Stock Exchange and Chittagong Stock Exchange – covering settlement of trades, took the decision at its board meeting held on June 1.
The reduced fee will come into effect from July 1 this year, officials of the CDBL said.
Presently, the brokerage firms have to pay share transaction fee at a rate of 0.0175 percent.
As per the CDBL’s latest decision, the brokerage firms will have to give a fee of BDT 15 for the transaction of shares worth BDT 0.1 million.
Presently, a fee of BDT 17 is to pay for transaction of shares worth BDT 0.1 million.
Before 2010, a fee of BDT 25 was to pay for transaction of shares worth BDT 0.1 million.
Shuvra Kanti Choudhury, deputy managing director of the CDBL, said the transaction fee has been reduced following a demand of the brokerage firms.
“The market situation is also another reason for reducing the share transaction fee by the CDBL,” Mr. Chowdhury said.