The Abu Dhabi Securities Exchange (ADX) has asked the market regulator to offer short selling in the country, Bloomberg reports. The move will enable the country’s chances for emerging market status at index provider, MSCI.
The bourse has also asked the regulator to include trading by margin and the launch of delivery-versus-payment system, according to Rashed Al-Baloushi, deputy CEO of the exchange. The MSCI ranks the UAE as a frontier market.
Click here for the story from Bloomberg.
