National Commodity Exchange Limited
- National Commodity Exchange Limited
Infobox Company
company_name = National Commodity Exchange Limited
company_
company_type = Commodity exchange
foundation = 2005
location = 9th Floor, PRC Towers, 32-A, Lalazar Drive M.T. Khan Road, Karachi, Pakistan | industry = Business Services
products = Futures exchange
homepage = http://www.ncel.com.pk | 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.
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.
Commodities Traded
NCEL has initially started trading in Gold only but soon would be extended to Wheat, Rice,Cotton yarn and Sugar.
External links
* http://www.ncel.com.pk
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