File pic: Securities Commission Malaysia Chairman Datuk Syed Zaid Albar said the temporary suspension of short-selling that is being extended to Dec 31,2020 was to provide market stability and confidence.
KUALA LUMPUR: The temporary suspension of short-selling that is being extended to Dec 31,2020 by the Securities Commission Malaysia (SC) and Bursa Malaysia Bhd
is aimed at providing market stability and confidence, SC chairman Datuk Syed Zaid Albar said today.
He said the decision was backed by the fact that the growing sign of recovery was at an early stage, both in the domestic and the global economic situation, while taking the cue from the International Monetary Fund (IMF) which describes the period of the COVID-19 pandemic as a profound uncertainty.
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