formerly national commodity exchange limited type commodity exchange industry business services founded 2005 headquarters 3b 3rd floor bahria complex iv ch . khalique uz zaman road gizri karachi pakistan products futures exchange website http www.pmex.com.pk pakistan mercantile exchange limited formerly national commodity exchange limited ncel is pakistan s first futures commodity market having its registered head office in karachi sindh . 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 11 may 2007 . pakistan mercantile exchange limited formerly national commodity exchange limited edit pakistan mercantile exchange formerly national commodity exchange limited is the first technology driven web based demutualized multi commodity exchange in pakistan . citation needed it is licensed and regulated by the securities and exchange commission of pakistan and has a 100 % institutional shareholding . pakistan mercantile exchange limited started its operations in may 2007 as a fully electronic exchange with nationwide reach . pakistan mercantile exchange is the first exchange in pakistan to employ modern risk management techniques based on value at risk with a pre trade risk check in real time . the exchange acts as a central counterparty to both buyers and sellers through a novation process and provide clearing & settlement on a t 0 basis using on line bank transfer mechanism . the membership of pakistan mercantile exchange is open to all . currently there are more than 300 members registered on the exchange and the number is growing every month . the members include brokerage houses individuals and industry specialists ranging from traders to exporters and importers and commodity specialists . pakistan mercantile exchange recently changed its name from national commodity exchange limited to better reflect its broad mandate and scope of activity to trade all types of futures contracts . the exchange recently increased its timings and now operates 21 hours . national bank of pakistan karachi stock exchange lahore stock exchange islamabad stock exchange pak kuwait investment company pvt. limited and zarai taraqiati bank ltd. commodities traded edit pakistan mercantile exchange formerly national commodity exchange limited ncel initially started trading in gold only . this listing was followed by the first gold physical delivery in august 2007 . additional products were subsequently launched irri 6 rice in march 2008 palm olien futures in june 2008 and kibor futures in jan 2009 . crude oil and silver contracts were listed in nov 2009 . recently the sugar contract was also added in june 27 2011 . the main commodities traded on the exchange have been gold silver and crude oil . there are various contracts in each . gold has eight contracts namely gold 1 ounce gold 100 ounce gold 1 tola gold 50 tola gold 100 tola gold kilo gold 100 g and minigold 10 g. tola gold and minigold are deliverable contracts . furthermore there are two contracts in silver 100 ounce and 500 ounce and two contracts in crude oil 10 barrels and 100 barrels . the smaller lot sizes for silver and crude oil were introduced very recently in june 2011 . external links edit http www.pmex.com.pk http www.dailytimes.com.pk default.asp page 2011 % 5c07 % 5c05 % 5cstory 5 7 2011 pg5 13 http www.brecorder.com pakistan business a economy 19335 pmex announces 671 pc growth yy.html http www.mondovisione.com media and resources news pakistan mercantile exchange announces 671 growth year on year http tribune.com.pk story 203135 fiscal 2011 review commodity exchange grows seven fold coordinates 24 50 41 n 66 59 36 e 24.8447 n 66.9934 e 24.8447 ; 66.9934 v t e karachi history history of sindh muhammad bin qasim british raj indian rebellion of 1857 pakistan movement muhammad ali jinnah muhajir people muttahida qaumi movement timeline of karachi history geography baba and bhit islands bundal island cape monze clifton beach clifton oyster rocks climate of karachi french beach hawke s bay beach indus river delta manora paradise point sandspit beach localities baldia bin qasim defence housing authority gadap clifton gulberg gulshan jamshed kiamari korangi landhi liaquatabad lyari malir new karachi north nazimabad orangi saddar shah faisal site bahria town karachi government city district government karachi division mayors politics of karachi government of karachi karachi civic center attractions abdullah shah ghazi mausoleum bagh ibne qasim beach view park empress market frere hall governor s house habib bank plaza karachi expo centre karachi municipal corporation building karachi zoo khaliq deena hall jehangir kothari parade masjid e tooba mazar e quaid mcb tower merewether clock tower national museum of pakistan paf museum pakistan maritime museum port grand saint patrick s cathedral shri swaminarayan mandir zamzama park mohatta palace hindu gymkhana quaid e azam house wazir mansion education karachi grammar school bay view high school aga khan university bahria university dow university of health sciences fatima jinnah dental college institute of business administration liaquat national memorial library national university of computer and emerging sciences ned university of engineering and technology shaheed zulfiqar ali bhutto institute of science and technology sir syed university of engineering and technology university of karachi usman institute of technology dj science college pakistan navy engineering college indus valley school of art and architecture ziauddin university hospitals south city hospital jinnah postgraduate medical centre national institute of cardiovascular diseases civil hospital karachi pns rahat pns shifa sindh institute of skin diseases indus hospital aga khan university hospital karachi economy bank al habib ibrahim ismail chundrigar road karachi chamber of commerce & industry karachi cotton exchange karachi port trust karachi stock exchange mcb bank limited pakistan mercantile exchange port qasim transport buses in karachi karachi cantonment railway station karachi circular railway karachi city railway station karachi elevated expressway jinnah international airport lyari expressway mohammad ali jinnah road hotels and shopping centers hotel mehran marriott international meena bazaar pearl continental hotels & resorts sheraton hotels and resorts sports and culture arabian sea country club asghar ali shah cricket stadium chaand raat city sports complex dabbawala defence housing authority stadium hockey club of pakistan hyderabad colony karachi city cricket association karachi cricket teams karachi dolphins karachi golf club karachi yacht club karachi zebras national academy of performing arts national bank of pakistan sports complex national stadium pakistan champions cricket league pakistan national council of the arts peoples football stadium polo grounds sind club women sports complex lists people from karachi streets in karachi universities in karachi cities in pakistan most populous cities in pakistan retrieved from https en.wikipedia.org w index.php title pakistan mercantile exchange & oldid 731596417 categories commodity exchanges in pakistaneconomy of pakistaneconomy of karachifutures exchangeshidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from july 2016coordinates on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 26 july 2016 at 10 20 . text is available under the creative commons attribution sharealike license ; 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