National Commodity Exchange Limited
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| National Commodity Exchange Limited | |
|---|---|
| Type | Commodity exchange |
| Founded | 2005 |
| Headquarters | 9th Floor, PRC Towers, 32-A, Lalazar Drive M.T. Khan Road, Karachi, Pakistan |
| Industry | Business Services |
| Products | Futures exchange |
| Website | http://www.ncel.com.pk |
National Commodities Exchange Limited (NCEL) is Pakistan's first futures commodity market having its registered Head office in Karachi. It is the only company in Pakistan to provide a centralized and regulated place for commodity futures trading and is regulated by Securities and Exchange Commission of Pakistan (SECP). It has started full trading activities on 11th May 2007.
[edit] NCEL's Shareholders
The shareholders of NCEL are, Karachi Stock Exchange (40%), Lahore Stock Exchange (10%), Islamabad Stock Exchange (10%) while the Pak-Kuwait Investment Limited and Zarai Taraqiati Bank Limited (former Agricultural Development Bank of Pakistan) are the shareholders of the remaining 40% shares.
[edit] Commodities Traded
NCEL has initially started trading in Gold only but soon would be extended to Wheat, Rice,Cotton yarn and Sugar.
