Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Abu Dhabi is poised to introduce services facilitating short-selling next year as it seeks to boost trading volume and attract foreign investors to the illiquid market.In October, the Securities and Commodities Authority in the UAE discussed technical aspects for transferring the jurisdiction over some financial instruments, including margin trading and short selling, directly to ADX and to DFM, Dubai's biggest stock exchange.With most local investors lacking the skills to trade complex instruments, short selling will likely be muted after its launch, said Ali Adou, an equities portfolio manager at The National Investor in Abu Dhabi.Under Abu Dhabi's plan, the bourse will select which stocks will be eligible for short selling.
FOLLOW THIS ARTICLE