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CAIRO- Fifty-one brokerages have been granted a licence to offer short-selling on the Cairo bourse, a senior official at the Financial Regulatory Authority (FRA) told Reuters on Monday.
The move came a day after the regulator said it had decided to start allowing short-selling on Dec. 1, a measure officials hope will boost liquidity.
Egypt's exchange has nearly 128 brokerage companies.
(Reporting by Ehab Farouk; Writing by Mahmoud Mourad; Editing by Ulf Laessing and Mark Potter) ((Mahmoud.Mourad@thomsonreuters.com))