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People and places

This article was originally published in The Public Ledger

People and places.PAKISTAN'S National Commodity Exchange (NCE) continues to grow massively. Trading in the final quarter of 2009 was worth Rs3.84bn, compared with Rs79.84m a year earlier and Rs11.1m a year before that. The value of average daily traded volume stood at Rs340m in 2009, up by more than 2,000%. Sameer Ahmed, managing director of the Karachi-based NCE, said the exchange realised it needed to extend its warehousing facilities if it is to achieve its goal of launching more agricultural futures. He said the exchange also plans to bridge global markets and attract participants from in and outside the region.

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