dayofdubai | DGCX to Hold a Special Trading Session on Saturday February 1st on the Occasion of the Union Budget of India

Monday, Jun 19, 2023
Hijri Date
℃ Dubai, UAE

Business

ID Number 9138
Aug 07, 2023
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DGCX to Hold a Special Trading Session on Saturday February 1st on the Occasion of the Union Budget of India

The Dubai Gold & Commodities Exchange (DGCX) is to keep a special trading session on Saturday, February 1st to enable market participants to hedge their threat before, at the time of and after the announcement of the 2020 Union Budget of India.

All products listed on the DGCX will be available for trading. The market will open at 07:00 Dubai time with non-stop trading till 15:30 on the same day. Post Trade Reports will be made available for download from 16:30. Trades from Friday, January 30th, will be settled on Saturday, 1st February, while all trades on Saturday February 1st will be settled on Monday February 3rd.

Les Male, CEO of DGCX, commented: Although an unusual announcement, the selection has been taken in conjunction with the DGCX Groups Members. An event like the Union Budget of India has the power to drive markets, and as such, with the DGCXs Customer First approach, we determined it was only fitting that we provide enough chance for traders to hedge their risk.

The DGCX last held a special trading session on Saturday, February 28th, 2015, which noticed trading throughout all Indian Rupee products as well as the Precious Metals and Equities asset classes.

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