Morocco decreases equity trade commission

The Moroccan stock market of Casablanca decided on Monday to cut by 42 % the commission rate on equity transactions.

Officials from the Bourse's told the press the move is destined to help small and medium-size firms to raise funds on the market.

"The new rate on the equity transactions was reduced by 42%," they said. This cut will surely help small and medium-size enterprises raise funds on the stock market for self-financing operations.

The commission rate on equity transactions was reduced to 0.14 % from 0.24 %.

This is the second decrease enforced by the Casablanca financial market in 8 months. Last May, the bourse decreased the commission rate on equity transactions to 0.24 % from 0.39 %.