PMEX sees minor downturn, traded value clocks in at Rs28.73bn

March 28, 2024 (MLN): Across Metals, Energy, COTS/FX, and indices, the transactions at the Pakistan Mercantile Exchange (PMEX) witnessed a minor decrease in trading activity on Wednesday to clocked in at Rs28.73 billion, marking a 0.94% drop compared to the previous session close of Rs29bn.

With a slight dip in the number of lots traded, 20,262 lots changed hands, compared to the previous close of 23,326

Thus, the commodity exchange closed at 10,140 down by 0.61% DoD. 

Gold remained in the limelight, contributing significantly to the trading volume with transactions worth Rs13.45 billion. Following closely behind, the NSDQ 100 recorded trading valued at Rs4.86bn.

Currencies through COTS also made a prominent spot, clocking in at Rs4.13bn. In addition, Platinum, Crude Oil, and Silver attracted substantial attention from investors as well and their transactions stood at Rs2.28bn, Rs1.45bn, and Rs959.23 million, respectively.

Moreover, transactions of Natural Gas transactions reached Rs166.26m, DJ at Rs655.68m, Copper at Rs104.15m, SP 500 at Rs450.86m, Palladium at Rs27m, Japan Equity at Rs101.41m, and Brent at Rs51.5m.

In the agricultural commodities segment, Cotton saw active trading, with 22 lots amounting to Rs28.08m changing hands.

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