Egypt bourse to start short selling of shares by early 2019

Egypt’s financial regulatory authority (EFSA) will finalise rules for short selling of shares by the end of September and be ready for a stock market launch by the beginning of 2019, deputy chairman told Reuters 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,” Khaled el-Nashar said.
“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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