Egypt bourse to introduce short-selling in early 2019 – chief

Egypt’s stock market plans to introduce short-selling in early 2019, in an effort to increase liquidity and attract new investors, its chairman Mohamed Farid said on Monday.

In short-selling, investors sell stocks they do not own to profit if prices have dropped when the trades are settled. In the exchange’s technical short-selling system, trades are settled within two business days, with short-sellers depositing an initial margin worth 50 percent of the shares’ market value.

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