ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed trading in futures contracts of crude oil, 100 ounces gold and silver on the National Commodity Exchange Limited (NCEL).
Meanwhile, futures contracts for currency are in the process of being approved.
The SECP on Tuesday said that the approval had been accorded in line with the objective to promote and foster the futures market in the country.
The number of approved contracts with NCEL had now reached to 14, covering a wide range of underlying commodities including gold, silver, rice, RBD palm Olien, Kibor and crude oil.
The SECP while granting approval had also advised the NCEL to ensure that appropriate level of awareness, regarding risks associated with and significant matters of futures trading, was communicated amongst all futures market participants specially prospective individual investors.
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