Egyptian market regulator grants Cairo Capital Securities short selling license

Cairo Capital Securities has joined the growing list of brokerage firms authorized by the Financial Regulatory Authority to short sell, CEO Ahmed Abu Hussein said, according to Al Mal. Shuaa Securities, Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, HC Securities, and Premiere Securities have all recently acquired the license. Short selling transactions are due to hit the EGX this quarter, FRA deputy head Khaled El Nashar said in July.