Standard Trading on the Dubai Stock Exchange in July

The volume negotiated by the DGCX reached 2,382 million contracts worth $ 39.2 billion in July, beating its previous record of May 2018 with volumes of 2.16 million contracts.

The performance of the Dubai Gold and Commodities Exchange (DGCX) in July is the best monthly performance of its 14-year history.

The Indian rupee futures contract was the strongest in July, posting its best monthly performance since launch with 1,106,309 contracts, up 192% year-on-year.

The gold futures contract, which is one of the most important products of the DGCX, posted a good performance last month, taking advantage of its strong performance in June, which is sure to have a positive impact. inscribed in the context of the instability of the world economic scene. The trading volume of this product reached 61,764 contracts, an increase of 209% on an annual basis.

"The negotiation and settlement of more than 2.38 million contracts in a month is a major achievement for the Dubai Gold and Commodities Exchange (DGCX)," said Les Mel, managing director of the DGCX.

"This shows our dynamism and increased attractiveness for investors and traders, with record volumes in July, supported by lingering geopolitical tensions and market uncertainty."

"The performance of the Indian rupee this month has been very impressive.The volume of transactions on the Indian rupee futures contract has exceeded the one million dollars held in one month for the first time since its launch," he declared.

The new record came in volume as investors continued to seek new hedging instruments to meet their growing needs, so they turned to markets such as the DGCX to meet these requirements.

Eurozone futures were performing well last month, the second highest with 3,683 contracts.

Open interest refers to the total number of outstanding or unpaid futures contracts held by market participants and is a key indicator of the performance of the sector.