gulfnews : Dubai Gold Securities' trade up 230%

Trading of Dubai Gold Securities (DGS) on Nasdaq Dubai rose to 6,075 securities in August, a 230 per cent increase from 1,840 in July, and up from 636 traded in the whole of the first half of the year, Nasdaq Dubai said in a statement. The total value of DGS traded reached $1.44 million (Dh5.28 million) in the first eight months of 2011, up 66 per cent from $866,000 in the same period of 2010.

In equities trading, individual investors accounted for 6.6 per cent of the traded value of all shares traded on Nasdaq Dubai in the first eight months of 2011. Total equities traded value in the period by individual and institutional investors was $511 million.

In August 2011, individual investors accounted for 3 per cent total equities traded value on Nasdaq Dubai, the same percentage as in the previous month. Total equities traded value on the exchange in August 2011 was $73.2 million, up 174 per cent from $26.7 million in July 2011 and down 7 per cent from $78.7 million in August 2010.

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