Nasdaq Dubai gold trading at monthly record

Dubai: Trading volumes of Dubai Gold Securities (DGS) rose to a monthly record of 40,668 on Nasdaq Dubai in Nov-ember, more than three times the previous high of 12,844 recorded in May.

A total of 80,881 DGS have been 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 21,330 in October.

A total of 110,927 equity derivatives have traded since the exchange launched its equity derivatives platform in November 2008.