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I know short selling is haram because selling whats is not in my posession yet is not permissible, but I am not able to find if these boundary level conditions fall in permissible or not permissible side.

My question here has two parts:

  1. If I sell my holdings (old stocks that I already have in my DEMAT account) and buy the same quantity of the same company again on the same day, will it be considered as halal? Although I am making a different transaction here, it would be an equivalent of exiting that position on the same day before my sell-transaction was completed with delivery.

  2. If the answer to question 1 is positive, will it be permissible if I do the same, multiple times in a single day with the same stock?

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