The Dhaka Stock Exchange (DSE) on Wednesday decided to impose a yearly service charge of Tk1,500 for using its mobile application -- DSE-Mobile -- for digitally trading shares.
To use the app, the brokerage houses have to take connection from the DSE and the clients have to register under the houses.
At the end of FY23, there were 46,622 registered users of DSE-Mobile, an app that provides real time securities trading opportunities for investors.
The investors, who have been using the app free of charge since the launch of the app in 2016, have traded shares worth Tk21,949 crore in FY23, according to DSE data.
The premier bourse sent letters to share the information on Wednesday about the new service charge with all the holders of trading right entitlement certificate (TREC), which is a must to run a brokerage house for share trading.
The decision came at a time when most of the stocks are stuck on the floor price, because of which investors are getting fewer capital gains from their investments.
At the end of July last year, the Bangladesh Securities and Exchange Commission (BSEC) set the floor price of every stock to halt the free fall of the market indices amid global economic uncertainties.
Existing users of DSE-Mobile will be charged Tk1,500 a year from January 2024.
Some stock brokerage houses use their own order management systems, so the investors of those houses will not need to pay any service charge.
