Middle East Economic Survey


No 16


DME Reports Average Of 3,000 Contracts/Day Traded In 1Q 2011

Average daily volumes (ADV) of trading on the Dubai Mercantile Exchange (DME) for DME Oman Crude Oil Futures Contract (DME Oman) stood through the first quarter of 2011 at 3,000 contracts the equivalent of 3mn b/d the exchange said in a statement released on 11 April. Sustained liquidity and continued growth enabled the DME to set a new trading record in January, with an ADV...