KARACHI – NCEL’s remarkable annual growth in 2010 has notched up another notable achievement. After the previous monthly milestone, reached in November 2010, of more than 100,000 contracts traded at the exchange, NCEL has very rapidly achieved the next milestone.
In January 2011, a total of 159,469 contracts were traded with a total value of Rs 44.5 billion. This marks a positive beginning in 2011 and the organisation is expected to continue to grow rapidly. This growth has become possible because of increased investor interest, which follows from a better understanding and awareness of the benefits of a regulated futures market.
Commodities, as an asset class, are now well established globally and are now finding their rightful place in the investment portfolios of domestic investors also. This is reflected in a comparison of the business volumes of NCEL in comparison to stock exchanges.
NCEL is the largest exchange in Pakistan in terms of its membership with more than 310 members and the second largest in terms of business volumes after the Karachi Stock Exchange.
