The Abu Dhabi Securities Exchange announced that it will abolish the minimum fees for trading commissions in all the securities listed on it as of August 31.
This decision comes in the wake of the market's recent announcement to reduce trading commissions by 50%, as well as extending trading hours for one additional hour so that trading in the market continues until 3:00 pm.
These initiatives fall within the framework of the (ADX One) strategy, which was announced earlier this year to enhance market activity and also increase liquidity.
The decision to abolish the minimum trading commission fees in the Abu Dhabi Securities Exchange will allow for a larger number of small-scale trading operations that are usually carried out by individual investors.
