Dubai Financial Market to Permit Short Selling to Boost Liquidity

[kreslik.news]

Dubai Financial Market (DFM), the Arab Gulf’s only listed stock exchange, said that it will allow short-selling on the UAE’s bourse within the “coming month”, a move that may attract further interest in local equities from foreign institutions.

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“DFM is planning implementation of regulated short-selling on a selected list of eligible securities in accordance with international recommendations under local market conditions in the coming months, subject to regulatory approvals of its rules,” the exchange said in a statement.

Short-selling is currently not permitted in the ... (read more)