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Financial Authority Reviews Short Selling Plans
Dr. Islam Ezzam, Chairman of the Financial Regulatory Authority, held a meeting with leaders of the Egyptian Exchange and the Egyptian Depository and Registry Company to follow up on implementing the short selling mechanism, which involves the sale of borrowed securities. The meeting aimed to develop the technical and administrative procedures related to this mechanism, contributing to the regulation and stabilization of the financial market. No specific timelines or final outcomes of the meeting were mentioned.
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