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Tuesday, 3 January 2017

Dubai Financial Market planning to allow short-selling | Reuters

Dubai Financial Market planning to allow short-selling | Reuters:
"Dubai Financial Market (DFM) , the Gulf's only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could increase trading liquidity.

"DFM is planning implementation of regulated short-selling on a selected list of eligible securities in accordance with international recommendations under local market conditions in the coming months, subject to regulatory approvals of its rules," it said in a statement to Reuters.

The exchange has completed consultations on the operating model and is now working on technical enhancements of its planned short-selling system, it said."

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