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Monday, 26 December 2016

Abu Dhabi bourse to introduce short-selling in first quarter 2017 -CEO | Reuters

Abu Dhabi bourse to introduce short-selling in first quarter 2017 -CEO | Reuters:
"Abu Dhabi's stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors.

In covered short-selling, investors borrow shares and sell them in the expectation of repurchasing them later at a lower price.

Regulators in the Gulf have until now shied away from allowing the practice because of concern that it could destabilise markets, though some countries including Saudi Arabia and Qatar have said they plan to introduce it."

'via Blog this'