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KARACHI, May 25: The National Commodity Exchange Limited (NCEL) on Friday disclosed that a total of 307 transactions valued at Rs42 million were done during the second week of its live trading.
According to a press release of the exchange the open interest also increased to Rs9 million (6.7kg of gold) supported by a Settlement Guarantee Fund of Rs125 million.
“We are pleased to see that the registered brokers are receiving a steady flow of client account opening requests,” stated NCEL managing director Assim Jang.
He expected an increase in activity in the coming weeks as brokers gearing up to handle rising client interest, the release concluded.
