Wednesday 15 April 2009

DGS records 7,744 contracts since Nasdaq Dubai listing

Dubai Gold Securities (DGS) saw a total of 7,744 contracts in the first one and a half months since its listing on Nasdaq Dubai by the Middle East's first exchange traded Shariah-compliant fund.

The total value of contracts traded so far stands at $712,018, (Dh2.6 million), according to Nasdaq Dubai.

"We are satisfied with the response we have had so far. I believe that exchange traded funds (ETFs) are still a new instrument to Dubai and to the region.

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