PHOTO
The Dubai Financial Market (DFM) announced on Tuesday that the minimum trading commission will be waived effective September 1, 2021.
The move is part of ongoing efforts to boost retail participation in the market, the DFM said in a statement.
The Abu Dhabi Securities Exchange (ADX) had earlier said it will waive the minimum commission fee for listed securities effective today.
“Waiving the minimum trading commission represents a significant development for retail investors in particular, as it will directly reduce the transaction cost and consequently maximizes the potential return, hence encouraging them to further trade on the market,” said Hassan Al Serkal, CEO of DFM.
“The larger number of transactions will ultimately benefit various stakeholders including investors, brokerage houses,” he added.
(Writing by Cleofe Maceda; editing by Seban Scaia)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021
