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KSE notifies broker’s commission for Institutional clients

Karachi: The Karachi Stock Exchange (KSE) has notified to the members that the minimum brokerage commission for “Institutional clients” per transaction should be charged at the rate of 0.25% of market price per share or 5 paisa per share, whichever is higher.

According to Alfalah Securities, the notification would not be applicable for proprietary, individual clients and members of the other exchanges’ accounts and would be followed from November 1, 2011. It would benefit the brokers and do away with the price war to grab investors.

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