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Egypt Bourse To Allow Short Selling

Egyptian Stock Exchange is planning to introduce exchange-traded-funds and allow short-selling in 2011.

Egyptian Stock Exchange is planning to introduce exchange-traded-funds (ETFs) and allow short-sellingin 2011, Bloomberg reports. The exchange is seeking to increase trading and offer investors greater access to local markets.

The Egyptian Exchange will introduce same-day short selling and lift a restriction on intraday trading in May 2011. The bourse is also planning to start derivatives trading.

Click here for the story from Bloomberg.

Click here for the additional coverage from IFA Online.

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