The Financial Regulatory Authority has granted short selling licenses to 51 brokerage firms, an unnamed FRA official tells Reuters. We know from previous news reports that Pharos was among the latest to acquire the license in September, joining a growing list thatalso includes EFG Hermes, CI Capital, Prime Holdings, HC Securities, Cairo Capital Securities, Shuaa Securities, Arqaam, the Arab African International Securities, and Premiere Securities. Short selling could officially be introduced to the EGX as early as next month.

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