ADX grants short-selling license to Al Ramz Capital

Dubai

Al Ramz Capital said on Wednesday it was granted the technical Short-Selling license from Abu Dhabi Securities Exchange (ADX).

ADX’s implementation of Technical Short-Selling Services is aimed at raising market turnover and attracting more foreign investors participation and improve liquidity and hedging,” the broker said in a statement.

Technical Short-Selling is the sale of securities which are not owned by the sellers, and it aims to achieve profits through the price variations.