Gulf Commodity Exchange: 12% growth in trading volumes during 2024
DUBAI, 13 JANUARY / WAM / The Gulf Commodities Exchange, the international exchange for futures and commodities, today announced continued growth in 2024, as it achieved strong performance across key indicators, strengthening its position as a leading platform for commodity trading in the region.
According to the company’s reports, total trading volume increased by 12% in 2024, with 1.32 million contracts traded in 2024 compared to 1.18 million contracts in 2023.
The trading volume of futures contracts for the delivery month witnessed a remarkable growth of 20%, rising from 800 thousand contracts in 2023 to 959 thousand contracts in 2024.
Director General of the Gulf Commodity Exchange, Raed bin Khalifa Al-Salami, said that the increase in total trading volume by 12% and the growth by 20% in the trading volume of futures contracts for the delivery month confirm our ability to effectively meet market requirements.
He explained that Oman crude futures contracts from the Gulf Commodity Exchange are a key tool for pricing and hedging, as they are used by a wide range of market participants for risk management strategies.
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