Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has approved the launch of short selling transactions in November, Ahram Gate reported, citing FRA’s vice chairman Khaled El-Nashar as saying.
The short selling mechanism is expected to enhance trading volume and liquidity of the Egyptian Exchange (EGX), he added.
By early October, chairman of Misr for Central Clearing, Depository & Registry (MCDR) will launch the pilot implementation of short selling, El-Nashar noted.
Source:
Mubasher