Dubai Gold Securities volumes post 4-fold growth.Byline: Dubai The first Shariah compliant gold exchange traded commodity (ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). ) in the Mena region, Dubai Gold Securities, has recorded an aggregate six-month volume of 27,691 shares, reflecting a fourfold fourfold Adjective 1. having four times as many or as much 2. composed of four parts Adverb by four times as many or as much Adj. 1. increase since the end of March this year. Dubai Gold Securities is an initiative of the World Gold Council and the Dubai Multi Commodities Centre. At a time when global interest in gold ETF/ETCs is soaring to new highs, Dubai Gold Securities provides a secure and efficient way of investing in gold for Mena investors through a locally listed and traded equity that gives them direct exposure to gold price performance without the logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation difficulties and costs associated with storing and insuring physical gold. Global interest in gold ETFs has risen recently on the back of a weakening dollar and inflation worries, which saw the gold price break through the $1,000-per-ounce mark again in September, a level it had last seen in February. "Gold continues to exhibit its value as an effective portfolio diversification Portfolio diversification Investing in different asset classes and in securities of many issuers in an attempt to reduce overall investment risk and to avoid damaging a portfolio's performance by the poor performance of a single security, industry, (or country). tool due to its low correlation to other key asset classes. Although investment demand in the second quarter of 2009 was down from the levels seen in the preceding three quarters, it was still strong," said Grant Collins, senior managing director, Dubai Commodity Asset Management (DCAM DCAM digital camera DCAM Division of Capital Asset Management (Massachusetts) DCAM Deep Cameo (coins) DCAM Direct Chip Attach Module DCAM DMLSS ). "For regional investors who are looking to diversify their investments or to take a tactical position in gold, ETFs/ETCs offer an excellent mechanism through which to obtain cost effective exposure," he observed. Collins said that the trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of Dubai Gold Securities, which stood at 6,865 securities in March, peaked in May to touch 12,855 securities, and noted that trading levels in September were very encouraging. "Globally, demand in investment gold has remained robust in the first eight months of 2009. Investors continue to pursue a tactical allocation towards gold leading to increased holdings of gold ETFs/ETCs; a cost effective and efficient means for many investors to access the gold trade," said Sameer Meralli, managing director, DCAM, commenting on trends in the sector. 'In the region, gold's appeal as a hedge against dollar weakness and an outperformer in inflationary in·fla·tion·ar·y adj. Of, associated with, or tending to cause inflation: inflationary prices; inflationary policies. Adj. 1. conditions has fuelled substantial interest in the metal. Demand is expected to increase further in the forthcoming festive fes·tive adj. 1. Of, relating to, or appropriate for a feast or festival. 2. Merry; joyous: a festive party. season.' Regional investors can easily take advantage of Dubai Gold Securities, whereby investors can access the deepest, most liquid gold OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market in the world (London) with the benefit of continuous two-way prices during regular market hours on Nasdaq Dubai. 'Recently, investors have demonstrated their increasing awareness of the Dubai Gold Securities product as a gold proxy, as evidenced by the strong volumes so far this month,' he noted. Global investment in gold rose to 222 metric tons, up 46 per cent year-on-year in the second quarter of 2009, mainly led by gold ETFs, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. research published by the World Gold Council. Total inflows into gold ETFs rose by 46 tonnes and 459 tonnes in the second and first quarters respectively, taking the total gold held in funds to 1,694 tonnes worth $50.8 billion.- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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