Egypt’s FRA grants Shuaa short selling license

The Financial Regulatory Authority (FRA) has granted Shuaa Securities a short selling license, Masrawy reported. The growing listof brokerages authorized to short sell includes Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, HC Securities, and Premiere Securities. Short selling transactions are due to hit the EGX in 3Q2019, FRA deputy head Khaled El Nashar said earlier this month.