gulfnews : Short-selling in markets likely from next year

Capital markets regulator the Emirates Securities and Commodities Authority (SCA) is expected to allow short-selling on UAE markets next year, the Dubai Financial Market's Chief Executive Officer Eisa Kazim said yesterday.

"SCA has posted a consultation paper. It would be introducing rules governing short-selling, stock lending and borrowing," Kazim told reporters on the sidelines of the Arab Federation of Exchanges Annual Conference in Abu Dhabi.

"I expect allowing short-selling would help improve liquidity in the markets," Kazim added.

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