PMEX observes 26% DoD drop in trading activity

MG News | April 25, 2024 at 11:15 AM GMT+05:00

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April 25, 2024 (MLN): The trading activity at the Pakistan Mercantile Exchange (PMEX) on Wednesday shrunk to Rs22.94 billion, down by 26% DoD compared to the previous session close of Rs30.88bn.

At the same time, with a drop of 29% DoD in the number of lots traded, 15,572 lots changed hands, compared to 21,810 during the previous session. While, the commodity exchange closed at 10,338, up by 0.28% DoD.

Gold remained in the limelight, contributing significantly to the trading volume with transactions worth Rs11.36bn. Following closely behind, NSDQ 100 recorded trading valued at Rs3.9bn.

Currencies through COTS also made a prominent spot, clocking in at Rs2.83bn. In addition, Platinum, Crude Oil, Silver and Paldium attracted substantial attention from investors as well and their transactions stood around Rs1.15bn, Rs1.45bn, Rs1bn, and Rs28m respectively.

Moreover, Natural Gas transactions reached Rs242.19m, DJ at Rs333.8m, Copper at Rs167m, S&P 500 at Rs156.36m, JPY equity at Rs170.69 and Brent at Rs30.93m.

In the agricultural commodities segment, Cotton saw active trading, with 50 lots amounting to Rs55.77m changing hands.

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