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Spain extends short-selling ban for three months to end-Jan
November 1, 2012 / 7:50 AM / in 5 years

Spain extends short-selling ban for three months to end-Jan

MADRID, Nov 1 (Reuters) - Spain’s stock market regulator said on Thursday it would extend a short-selling ban on securities for three months to Jan. 31 to discourage investors from trying to profit from the country’s economic crisis.

The crisis has knocked over 8 percent off Spain’s blue-chip IBEX 35 index over the past year. Big losses earlier this year led Spain, along with other European countries, to prohibit short-selling in July.

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