BR100 Decreased By (-0.81%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.59 Decreased By ▼ -0.10 (-1.3%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.08 Decreased By ▼ -1.14 (-1.89%)
BOP 34.11 Decreased By ▼ -1.17 (-3.32%)
CNERGY 12.84 Decreased By ▼ -0.29 (-2.21%)
CSIL 6.10 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.66 Decreased By ▼ -0.31 (-0.53%)
FFL 16.20 Decreased By ▼ -0.22 (-1.34%)
FNEL 1.21 Increased By ▲ 0.01 (0.83%)
KEL 7.48 No Change ▼ 0.00 (0%)
KOSM 5.94 Decreased By ▼ -0.10 (-1.66%)
LOTCHEM 27.99 Increased By ▲ 0.24 (0.86%)
MLCF 100.65 Decreased By ▼ -2.33 (-2.26%)
NBP 203.75 Decreased By ▼ -2.29 (-1.11%)
NCPL 60.57 Decreased By ▼ -1.67 (-2.68%)
NPL 69.96 Decreased By ▼ -1.33 (-1.87%)
OGDC 320.29 Decreased By ▼ -3.49 (-1.08%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.12 Decreased By ▼ -0.78 (-1.78%)
PIBTL 16.56 Decreased By ▼ -0.12 (-0.72%)
PPL 228.84 Decreased By ▼ -0.63 (-0.27%)
PRL 71.02 Increased By ▲ 0.91 (1.3%)
PTC 71.65 Decreased By ▼ -0.50 (-0.69%)
SSGC 26.68 Decreased By ▼ -0.43 (-1.59%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.61 Decreased By ▼ -0.11 (-1.26%)
TPL 22.24 Decreased By ▼ -0.38 (-1.68%)
TPLP 15.11 Decreased By ▼ -0.57 (-3.64%)
TREET 24.13 Decreased By ▼ -0.08 (-0.33%)
TRG 59.84 Decreased By ▼ -1.29 (-2.11%)

The Shanghai Gold Exchange (SGE) will cut silver margin requirements back to 18 percent from 19 percent from May 13 settlements if there is no sharp movement in prices, it said on Friday. The SGE has hiked margin requirements for its silver forward contract five times since April 25 in order to curb volatility in the market. The surge in speculative silver trade in Shanghai is being blamed for the rapid rise and subsequent crash in silver prices over the year.

Copyright Reuters, 2011

Comments

Comments are closed for this article.