Qatar and Abu Dhabi look to introduce short selling
27 October 2010 Doha
Image: Shutterstock
Qatar Exchange has announced that it is planning to introduce short selling, as well as bond and sukuk trading in the first quarter of next year.
The exchange, which is part-owned by NYSE Euronext, also says it expect restrictions on foreign ownership in domestic companies to be raised from the current 25 per cent to 49 per cent. Derivatives trading may also be implemented.
Speaking in Beirut, Saif Al-Mansoori, the exchange's deputy CEO, said: "We are looking at our weaknesses and are starting to address them one by one", in an attempt to achieve MSCI's designation as an emerging market. It is currently classified a frontier market.
Meanwhile, Abu Dhabi Exchange has asked the market regulator of the UAE for permission to introduce short selling in its markets, with the same ambitions as its neighbour.
The exchange, which is part-owned by NYSE Euronext, also says it expect restrictions on foreign ownership in domestic companies to be raised from the current 25 per cent to 49 per cent. Derivatives trading may also be implemented.
Speaking in Beirut, Saif Al-Mansoori, the exchange's deputy CEO, said: "We are looking at our weaknesses and are starting to address them one by one", in an attempt to achieve MSCI's designation as an emerging market. It is currently classified a frontier market.
Meanwhile, Abu Dhabi Exchange has asked the market regulator of the UAE for permission to introduce short selling in its markets, with the same ambitions as its neighbour.
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