Indian equities portfolio a strong performer at Dubai exchange

Dubai: Indian equities portfolio was a strong performer at the Dubai Gold & Commodities Exchange (DGCX), recording a growth of 22 percent from the previous year.

Indian equities trading volumes have grown 22 percent year-on-year and 10 percent month-on-month, a DGCM statement said yesterday.

Another key performer was the Indian Rupee Options which recorded an all-time high volume and value, trading 7,200 contracts valued at USD 1.18 million and growing 103 percent month-on-month.

The Indian Rupee Options achieved significant results, recording the highest ever Open Interest of 4,597 contracts on 25th February 2015 and highest ever volume of 1,212 contracts on 27th February 2015.

The options contract recorded the highest ever Average Daily Open Interest of 2,456 contracts in February 2015.

The hydrocarbon segment also performed well, registering a growth of 130 percent year-on-year.

WTI crude Oil recorded highest monthly volume of 3588 contracts since September 2011 growing 32 percent month-on-month and 154 percent from the previous year, it said.

Established in 2005, DGCX is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region.