Egyptian regulator's advisory body to discuss margin trading

Representatives from the stock exchange and the Misr Clearing Company will also attend, Yaqoub said

  
The Egyptian Exchange bell is seen at the stock exchange in Cairo, March 12, 2015.

The Egyptian Exchange bell is seen at the stock exchange in Cairo, March 12, 2015.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt's Financial Supervisory Authority has invited an advisory committee to meet on Tuesday to discuss amending the mechanism for margin buying on the stock exchange, committee member Rania Yaqoub said.

Representatives from the stock exchange and the Misr Clearing Company will also attend, Yaqoub said on Monday. The authority had met earlier with representatives of the capital market.

The aim "is to not put pressure the market and to avoid unjustified sales to protect the market and customers," she added, without giving further details.

(Reporting by Ehab Farouk; Writing by Patrick Werr; Editing by Steve Orlofsky) ((patrick.werr@thomsonreuters.com;))

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