DME sees growth in delivery volumes

Dubai – Mubasher: The Dubai Mercantile Exchange (DME) recorded 20% growth in physical delivery volumes in 2016, according to a statement.

The DME registered a total of 260 million barrels during the year, hitting the highest physical delivery since its establishment.

Average daily volume (ADV) touched a new high in 2016 at 8,762 lots, an increase of 19% over the previous year, while monthly delivery volumes rose 20.5% to 21,724,000 barrels.

Physical delivery for the month of January pegged at 28.51 million barrels and a record 29.88 million barrels due for delivery in February, its highest monthly volume registered on the exchange.