Dubai: Nasdaq Dubai said that July was a record month for its equity futures market, with traded values rising above Dh50 million for the first time.
Contracts valued at Dh51.26 million were traded during the month, up 6 per cent from the previous monthly record of Dh48.37 million in April, and 950 per cent higher than the Dh4.9 million reached in the first month of trading after the market opened on September 1, 2016.
“As interest in the market increases among investors and brokers, Nasdaq Dubai is preparing to add further futures and options to meet growing demand,” the bourse said in an emailed statement.
A daily record high was reached on July 20 at Dh17.6 million, up 76 per cent from the previous record high of Dh10 million on June 15.
“As the market expands further in coming weeks and months, including the addition of equity indices, investors will be able to make increasing use of the benefits of leverage, and the capacity to make gains when underlying shares are falling as well as rising,” Hamed Ali, chief executive of Nasdaq Dubai, said in April.