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بوابة الشروق
Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
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Ten brokerage firms are preparing to launch short selling on the Egyptian Exchange in November. The first phase will include EFG Hermes, Beltone and CI Capital, while Thndr will not take part. The mechanism allows an investor to borrow and sell shares, then buy them back at a lower price—while incurring losses if the price rises. It also allows shareholders to lend their shares in return for a fee. Regulations require a cash margin of at least 50% of the value of the borrowed shares. Shares on loan may not exceed 40% of a company’s free float, and a client and its related parties may borrow no more than 2% of that amount.
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