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Spain Lifts Short-Selling Ban on Stocks After IBEX 35 Rallies

Spain lifted a ban on short-selling stocks as the benchmark IBEX 35 Index rallied and the country’s banks took steps to repair their balance sheets.

Authorities won’t extend restrictions that expired today, the stock market regulator, known as CNMV, said in an e-mailed statement today. Short-sellers sell borrowed shares with plans to buy them back later at a lower price, a practice some politicians and investors blame for roiling markets.