Thursday, 12 February 2009

Experts urge SCA to act against those involved in short selling

Investors who engage in short selling should be named publicly as a deterrent, said experts.

Senior figures in the industry fear that the lack of transparency and a disclosure policy is harming confidence in the UAE's markets.

Short selling involves cashing in on falls in share prices and can drive down the value of equities.

"We have advised the Securities and Commodities Authority (SCA) several times to publicly disclose the names of people who practise short selling," Ziyad Al Dabbas, a financial consultant at the National Bank of Abu Dhabi, told Emirates Business.

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