EGYPT: Plans to introduce Egypt short selling and ETFs

Tuesday May 10 2011

It is being reported that the Egyptian Exchange, in response to poor market performance following the political crisis which saw the exchange close for a two period of two months, will be introducing intraday Egypt short selling and exchange traded funds. A prohibition on intraday trades, introduced in March when the exchange reopened, will also be removed, with future plans beyond this year to introduce derivatives trading.

This information will be updated when further details become available.