Cairo – Mubasher: The Egyptian Exchange (EGX) will witness a new package of procedures and mechanisms of reforms to revive the Egyptian market and increase trading volume within six months, in line with listing major firms on the EGX, chairman of the EGX Mohamed Farid told Reuters.

These new procedures include allowing selling borrowed securities, not the uncovered (naked) short selling, before the end of 2017, as well as trading on close-end investment funds, in addition to adjusting the rules of indices’ funds and reducing the temporary suspension of stocks by 50%, Farid added.