Italy bans short-selling of financial stocks amid market woe

Ahram Online, Monday 23 Jul 2012

Italian market regulator Consob banned the short-selling of financial stocks for a week on Monday as the the bourse plunged on fears the debt crisis pounding Spain is dragging Italy into the quagmire.

"Given the recent turn of events on the market, Consob has decided to reintroduce the ban on short-selling stocks in the banking and insurance-company sectors," the regulator said in a statement.

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