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UAE's stock market regulator publishes new draft rules
Short-selling is to be allowed through authorised brokers, as exchange authorities look for ways to boost tumbling trade and attract foreigners
Reuters Published in Ahram Online on 07 - 11 - 2011

The UAE's market regulator has published new draft rules on short-selling and borrowing, asking investors for feedback, as it looks to boost dwindling trade and attract more foreign investment.
The Securities and Commodities Authority (SCA) posted on its website the draft regulations on short-selling through authorised brokers, security lending and borrowing and other market regulations. Suggestions on the draft can be given until 17 November.
The new regulations will look to allow investors to short-sell, but SCA can ban short-selling under special circumstances, according to the draft.
Short-selling is not permitted in the UAE's two markets.
The two markets -- Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange -- have been considering new regulations as it looks to improve trading in the markets.
Some brokerages in the UAE have been forced to shut down as turnover on the DFM and the Abu Dhabi bourse slumped to seven-year lows in 2011, while Nasdaq Dubai -- part of DFM -- trades less than US$3 million daily.

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