CMA eyes waiver of charges to boost day trading uptake

Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

The Capital Markets Authority (CMA) will consider lowering transaction levy for day trading to raise the market activity and local investor uptake at a time the bourse has been recording high foreign investor exits.

CMA says lowering its 0.12 percent fee charged on day trading through Public Offers and Listing of Securities (POLD) draft regulations 2022 will raise market liquidity at the Nairobi Securities Exchange (NSE) that kicked off at a slow start.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.