Reuters
August 8, 2011
Short-selling will be banned on the Athens bourse for two months starting August 9, Greece’s stock market regulator said on Monday.
The Athens bourse index closed down 6 percent on Monday, a fall nearly twice as steep as that of European peers, dropping to a new 14-year low after the U.S. credit rating downgrade late on Friday and on concerns over the impact of an upcoming bond swap on Greek banks.
“The board of the capital market commission, after considering the urgent circumstances on the Greek market, has decided to ban short selling in listed stocks on the Athens bourse,” the capital market commission said.
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