| Updated Fri, March 10th 2017 at 00:00 GMT +3The trading floor at Nairobi Securities Exchange. (Photo: Beverlyne Musili/Standard)You will soon be able to sell shares of a company which you do not directly own if the Capital Markets Authority (CMA) introduces short selling. A short sell is where you borrow shares of a company, sell them in anticipation that their prices will fall and when they do, pay back your lender and remain with the profit. CMA has already drafted a framework to introduce the product that will not be charged additional taxes, and will be protected against winding up of companies. The framework for securities lending and borrowing is expected to be included in this year’s budget.

Source: Standard Digital March 09, 2017 17:03 UTC