 "MCX inks pact with Mozambique commodities exchange")
Shares of Multi Commodity Exchange of India (MCX) has hit fresh 52-week high of Rs 1,400, up 12% on the BSE in early morning deal after the Securities and Exchange Board of India (Sebi) has allowed commodity exchanges to introduce trading in options. The stock hit its highest level since February 4, 2013.
The regulator on Wednesday said in a circular sent to exchanges that would require its approval, which will be subject to guidelines that would be announced later, the Business Standard report suggests. LINK
In past three trading sessions, the stock rallied 31% from Rs 1,072 on Monday, after the exchange has increased transaction charges for agri and non agri commodities effective 1 October this year.
The charges for non agri commodities were last revised in February 2014. For non agri commodities for daily average turnover upto Rs 350 crore charges have been raised from Rs 2.10 per Rs. One lakh of turn over to Rs 2.60 and for incremental turnover above Rs 350 crore it has been revised from Rs 1.40 to Rs.1.75.
The stock surged 51% from its recent low of Rs 928 touched on September 12, as compared to 0.31% rise in the S&P BSE Sensex.
At 9:28 am, the stock was up 11% at Rs 1,388 on the BSE. A combined 1.58 million shares changed hands on the counter on the BSE and NSE so far.
The regulator on Wednesday said in a circular sent to exchanges that would require its approval, which will be subject to guidelines that would be announced later, the Business Standard report suggests. LINK
In past three trading sessions, the stock rallied 31% from Rs 1,072 on Monday, after the exchange has increased transaction charges for agri and non agri commodities effective 1 October this year.
The charges for non agri commodities were last revised in February 2014. For non agri commodities for daily average turnover upto Rs 350 crore charges have been raised from Rs 2.10 per Rs. One lakh of turn over to Rs 2.60 and for incremental turnover above Rs 350 crore it has been revised from Rs 1.40 to Rs.1.75.
The stock surged 51% from its recent low of Rs 928 touched on September 12, as compared to 0.31% rise in the S&P BSE Sensex.
At 9:28 am, the stock was up 11% at Rs 1,388 on the BSE. A combined 1.58 million shares changed hands on the counter on the BSE and NSE so far.
