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DGCX Sensex futures up 41pc in April

Dubai, May 7, 2014

Dubai Gold & Commodities Exchange (DGCX) has recorded a month-on-month growth of 41 per cent in April.

The futures contract, based on Sensex, the blue-chip stock index of the Bombay Stock Exchange (BSE), offers investors exposure to some of the most heavily traded stocks in one of the world’s largest emerging economies.

Increased trading activity on the DGCX Sensex Futures contract was partly driven by the record-breaking highs the 30-share index experienced on the BSE in late April. The exchange traded a total of 819,941 contracts last month, valued at $24.69 billion.

Precious metal volumes were another key highlight in April.

The average daily volumes on Gold futures rose 5 per cent in April from the same month last year. Gold futures volumes totaled 39,738 contracts in the month. Silver futures grew 637 per cent from last year to reach 7,385 contracts.
    
Among the currency pairs, Yen and Canadian Dollars Futures recorded a year-to-date growth of 80 per cent and 20 per cent respectively. DGCX WTI futures traded 7,851 contracts this year, growing 39 per cent from last year.-TradeArabia News Service




Tags: Dubai Gold & Commodities Exchange |

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