Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) decided to launch short-selling mechanism on the Egyptian Exchange (EGX) as of 1 December, Ahram Gate reported on Sunday, citing FRA’s vice chairman Khaled El-Nashar as saying.
Each relevant body will start activating the mechanism by the beginning of next month, El-Nashar added.
Last February, the Financial Regulatory Authority’s (FRA) chairman issued regulations concerning short selling transactions on the Egyptian bourse.
