The UAE is likely to allow fully-fledged short selling of securities when it implements new trading rules in the coming months, local traders and fund managers said, in a move to encourage more money into its markets.
Germany banned risky bets on bonds, stocks and credit protection, stunning investors and setting euro zone markets up for a rough ride on Wednesday amid fears Berlin's attack on speculation will backfire.
Germany banned some trades in a st
The euro fell to a fresh four-year low on Wednesday after Germany moved to sharpen financial regulation, taking down commodities and Asian stock markets in its wake as investors stampeded out of riskier assets.
Dubai's main bourse said on Sunday short selling was not in keeping with regulatory rules and urged all parties operating in the market to abide by regulations.
"The market would also like to point out that what is being circulated that s