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Spot gold was trading at $1,771.62 per ounce, down by 0.2 per cent at 9.15am
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DFM launches new equity futures on individual stocks
DEWA and GFH Financial Group will join other 12 listed companies with individual stock contracts
— File photo.
As part of its strategy to diversify investment opportunities, the Dubai Financial Market (DFM) on Monday launched new equity futures contracts on individual stocks of two of its leading listed companies namely; Dubai Electricity and Water Authority (Dewa) and GFH Financial Group.
The new launch brings the number of companies that the DFM provides futures’ contracts on their individual stocks to 12 listed companies with tenures of 1, 2 and 3 months.
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Analysts and forex experts caution that the political instability will continue to weigh on the rupee's future and may slow the recovery pace in coming days
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In the previous session, the rupee had closed at 79.06 against the US dollar
Spot gold was up 0.3 per cent at $1,777.20 per ounce
It opened at 79.16 against the US dollar and touched 79.11 in initial deals
Spot gold was trading at $1,760.13 per ounce as of 9.10 am UAE time, down 0.15 per cent
Higher oil prices, month-end importer demand and global recession fears could restrict the gains for the rupee