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United Arab Emirates : DGCX SENSEX Futures Climb 41% in April

May 9, 2014

SENSEX Futures on the Dubai Gold & Commodities Exchange (DGCX) recorded a month-on-month growth of 41% in April. The Exchange traded a total of 819,941 contracts last month, valued at USD 24.69 billion.

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.

Precious metal volumes were another key highlight in April. Average daily volumes on Gold futures rose 5% in April from the same month last year. Gold futures volumes totaled 39,738 contracts in the month. Silver futures grew 637% 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% and 20% respectively. DGCX WTI futures traded 7,851 contracts this year, growing 39% from last year.

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Source: TendersInfo (India)

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