The Karachi Stock Exchange (Guarantee) Limited’s Minimum Broker Commission for Institutional Clients
Karachi: Members of the Exchange are hereby informed that based on the recommendation of Development and Trading Affairs Committee of the Exchange, the Governing Board of Directors in Its meeting held on September 08, 2011 reviewed the matter and taking into consideration better discipline of the market took decision on the subject matter. The Securities and Exchange Commission of Pakistan (SECP) vide its letter Nor SMD/SE/KSE-F/2009 dated October 10, 2011 has also granted its consent for Implementation of the same, The said decision duly approved by the Board and consented by SECP is as follows:
“The minimum Brokerage Commission should be charged by the members to all their Institutional clients transactions at the rate of 0.25% of market price (traded price of the Security) or 05 paisa per share, whichever is higher, This shall not apply to transactions pertaining to Proprietary, members of other exchanges and Individual clients’ accounts’,
Further, Members are advised to note the above and comply, w.e.f., November 01, 2011. Thereafter, the Exchange may conduct necessary cheeks and balances to ensure compliance.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136