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Bond trades lift stockbrokers commissions 31pc
Stockbrokers normally earn a commission of between 1.5 and 1.8 percent per equities trade, while bond trades attract a commission of 0.03 percent per trade.
Stockbrokers enjoyed a 31 percent jump in trading commissions in the first half of the year ended June on increased volumes of bond trades on the Nairobi Securities Exchange (NSE), easing the impact of falling advisory fees on their profits.
Financial reports filed by the market intermediaries show that they made Sh946.4 million in commissions over the six-month period, up from Sh721.2 million in the first half of 2023.
