DFM launches regulated short selling to boost liquidity - The National:
"The Dubai Financial Market (DFM), the only listed equity market in the Arabian Gulf, has started regulated short-selling, following in the footsteps of Abu Dhabi' bourse, as UAE exchanges step up efforts to boost liquidity and diversify their services to attract more investors. Regulated short-selling - the practice of selling borrowed shares in the hope of buying them back later at a lower price - will apply to a limited number of listed securities, which will be reviewed every six months, the DFM said in a statement on Sunday. The DFM, which didn’t name the initial eligible stocks, said short-selling will also apply to exchange traded funds (ETFs) and other listed securities. “As part of DFM’s strategy to diversify its products and services, we are delighted to announce the completion of our preparations to introduce this significant tool to our market participants in a step aimed at increasing their capabilities and helping them to strengthen their trading activity and further enhance trading liquidity,” said Essa Kazim the chairman of the DFM."
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