Cairo – Mubasher: The Egyptian cabinet decided to reduce bourse trading fees in a bid to boost the Egyptian Exchange (EGX).

Fees on EGX transactions were lowered to 0.010% from 0.012%, while charges on clearing and settlement services were reduced to 0.010% from 0.012.5%, head of the Financial Regulatory Authority (FRA) Mohamed Omran said in a statement on Thursday.

In addition, subscriptions to the Investor Protection Fund were cut by 50% to 0.005% of the value of the transaction from 0.010%.