Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) last month were a record for March and indicate a recovery from a long slowdown.
Interest in commodities trading in Dubai fell sharply in the last quarter of last year, as traders reduced their positions on all of the emirate’s markets. Trading volumes since January are still down 33 per cent compared with the same period last year.
However, total volume for the first quarter of the year is up 70 per cent from the end of last year, boosted by increased interest in currency trading, said Malcolm Wall Morris, the exchange’s chief executive.
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