Egypt's uprising should speed investment changes
* Says uprising reduced political risks
* Exchange plans short-selling, ETFs by early July
* Working on dual listing with Gulf bourses, gold fund
By Sarah Mikhail and Ehab Farouk
CAIRO (Reuters) - Egypt's uprising should quicken the adoption of long-delayed trading innovations, including short selling, exchange-traded funds, intraday trade and direct trading from abroad, the stock exchange chairman said on Monday.
In the wake of the uprising that toppled the government of President Hosni Mubarak, transparency has been increasing and political uncertainty has been decreasing, boosting investor confidence, Mohamed Abdel Salam told Reuters.
"There are indicators that show the market is improving because of the revolution. First, it reduced political risk. In the past, things were vague. If the president were to die, would his son take over, or would the army?" he said.
The uprising has also increased the influence of institutional investors on the stock exchange, he added.
"The market is becoming more stable, because institutional investors have begun to outnumber individual investors, who used to cause sharp market moves by their emotional trading." Continued...