LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of sugar futures contract. The new contract adds to the existing agriculture futures contracts portfolio of PMEX which consists of rice and palm olein involving physical delivery. At least three contracts will be available for trading ie one contract in the current month and two in the subsequent months. The contract will be delivery-based with minimum contract size of 10 tons.
Published in The Express Tribune, May 5th, 2011.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ