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FINANCIAL NEWS
Dubai- DGCX reports 259% hike in May’s contracts numbers
07 Jun 2012
(MENAFN) Dubai Gold and Commodities Exchange (DGCX) stated that the number of contracts traded last month hiked by 259 percent to 853,191 contracts, compared with 237,920 contracts in 2011’s same period, reported Emirates 24/7.
The DGCX said that the total value of May’s contracts hit USD32.67 billion, the highest monthly value ever.
It added that volume of currencies contracts soared 352 percent from last year’s same month, reaching 746,057 contracts.
Moreover, Gold Features’ volumes increased 15 percent from a year earlier to 69,541 contracts.
It is worth noting that total volumes on the exchange reached 2,958,871 contracts year-to-date, with a rise of more than 158 percent from last year’s same period.
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