Egypt certifies short selling 08 December 2011Cairo Reporter: Anna Reitman
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Egypt's financial regulator has certified rules and criteria for companies eligible for margin trading, short selling and intra-day trading, according to the Egyptian exchange.
Shares of companies that have reported at least one annual financial statement will qualify for the transactions, according to Daily News Egypt.
Development of securities lending markets has been highly anticipated in the MENA region as exchanges seek to attract liquidity.
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