Abu Dhabi – Mubasher: Al Safwa Mubasher on Tuesday announced starting technical short selling services in the Abu Dhabi Securities Exchange (ADX) to be the first company which implement that.
Earlier on Tuesday, the ADX started implementing technical short selling to raise its turnover and to attract more foreign investors.
Technical short selling is the sale of securities which are not owned by the sellers, but it must be provided in the settlement period T+2, and it aims to achieve profits through the prices’ variation, in case of prices' decrease.
Alsafwa Mubasher tries to provide the most updated services to customers, and technical short selling will enhance the company’s services, the CEO, Ehab Rashad said.
Alsafwa Mubasher starting providing technical short selling through online trading that will allow customers to sign agreements and start trading.
