Dubai Gold and Commodities Exchange (DGCX) has launched two futures contracts based on the MSCI India Index, further expanding its equity suite and emerging market portfolio.
One contract is based on the MSCI India Price Return In
Dubai's bourse made its largest one-day drop in 15 months and Abu Dhabi's measure also fell as investors cut their market exposure ahead of a decision by index compiler MSCI on whether to upgrade the UAE to emerging market status.
World stocks kicked off the new year hitting a 15-month high on optimism the global economic recovery is underway, while the US dollar slid on profit taking ahead of a US jobs report this week.
The weak dollar pushed energy and commodity p