The incident happened shortly after jury selection for the hush-money trial was completed
The DFM has recently launched this service as part of its efforts to provide market participants with new tools to further strengthen their trading activities, better utilise their resources and further enhance market liquidity.
The RSS service enables investors to short securities listed on the DFM through selling borrowed shares with a commitment to return to the lender.
To implement RSS, the brokerage firm has to ensure that the borrowed securities are located on the client's account prior to placing a short selling order, with exception of DvP clients, as a lending confirmation is sufficient to proceed with the order. The RSS complements the securities lending and borrowing activity whereby approved lenders can lend securities to approved borrowers for settlement of RSS trades.
The RSS list includes the following 19 securities: Air Arabia, Ajman Bank, Amanat Holdings, Amlak Finance, Arabtec Holding Company, Damac Properties Dubai, Deyaar, Dubai Financial Market, Dubai Islamic Bank, Dubai Investment, Drake & Scull International, DXB Entertainments, Emaar Properties, Emaar Malls, Gulf Finance Group, Al Salam Bank-Bahrain, Shuaa Capital, Union Properties and Afkar S&P UAE UCITS ETF.
- business@khaleejtimes.com
The incident happened shortly after jury selection for the hush-money trial was completed
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