Egypt will finalise rules for short selling of shares by end of September

By: Middle East Affairs

By the beginning of 2019, Egypt’s financial regulatory authority said it will finalise rules for short selling of shares by the end of September and be ready for a stock market launch.

Khaled el-Nashar, the authority’s deputy chairman, said on Wednesday: “We will complete the rules and regulations governing the short selling mechanism at the end of September, and then start training companies to implement the mechanism,”

He also added: “We will be ready for implementation in early 2019 and then wait for the official decision to activate the mechanism and start using it.”

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