ID :
93995
Wed, 12/09/2009 - 15:10
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https://oananews.org//node/93995
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Nasdaq Dubai issues November trading report
Dubai, Dec 9, 2009 (WAM) - Trading volumes of Dubai Gold Securities (DGS) rose to a monthly record of 40,668 on NASDAQ Dubai in November, more than three times the previous high of 12,844 recorded in May according to a report in "Emirates Business.'
A total of 80,881 DGS have traded since the securities listed in March 2009.
Each DGS security is valued at approximately 1/10th of the spot price of gold. DGS are an initiative of the Dubai Multi Commodities Centre and the World Gold Council and have been declared Sharia-compliant.
Equity derivatives volumes totalled 20,490 in November, the second highest monthly total following the record of 21,330 recorded in October.
A total of 110,927 equity derivatives have traded since the exchange launched its equity derivatives platform in November 2008, with 50% of the trades taking place in the last three months.
Equities trading volumes on NASDAQ Dubai rose to 2.68 billion shares in the first 11 months of 2009, up 20% from 2.24 billion reported in the same period of 2008. In the month of November 2009, 152 million equities traded, a fall of 29% from the 213 million reported in October 2009 and of 52% from the November 2008 figure of 314 million. The Exchange introduced mandatory reporting of all over the counter equities trades in September 2008. - Emirates News Agency, WAM
A total of 80,881 DGS have traded since the securities listed in March 2009.
Each DGS security is valued at approximately 1/10th of the spot price of gold. DGS are an initiative of the Dubai Multi Commodities Centre and the World Gold Council and have been declared Sharia-compliant.
Equity derivatives volumes totalled 20,490 in November, the second highest monthly total following the record of 21,330 recorded in October.
A total of 110,927 equity derivatives have traded since the exchange launched its equity derivatives platform in November 2008, with 50% of the trades taking place in the last three months.
Equities trading volumes on NASDAQ Dubai rose to 2.68 billion shares in the first 11 months of 2009, up 20% from 2.24 billion reported in the same period of 2008. In the month of November 2009, 152 million equities traded, a fall of 29% from the 213 million reported in October 2009 and of 52% from the November 2008 figure of 314 million. The Exchange introduced mandatory reporting of all over the counter equities trades in September 2008. - Emirates News Agency, WAM
