PMEX trading activity edges lower to Rs22.8bn

July 31, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) decreased by 3.18% DoD on Tuesday to clock in at Rs22.85 billion compared to the previous session's Rs23.6bn.

Similarly, the number of lots traded fell to 15,632, compared to the 17,112 traded in the previous session.

The commodity exchange closed at 10,008, down by 0.01% DoD.

The Metals category recorded the highest trading volume, worth Rs11.94bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs9.63bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs797.82m, Rs230.59m, and Rs1.21bn.

Following closely behind, Forex category recorded trading valued at Rs5.32bn. This included currencies through composite order trading system (COTS) worth Rs5.25bn and other FX pairs worth Rs74.4m.

To note, COTS enables simultaneous trading positions. For example, a trader can go long on PMEX USD Gold and short on PMEX EUR Gold with a single order. This effectively cancels the gold positions, leaving an open EUR-USD position.

Energy category recorded the third highest value traded worth Rs1.62bn. Transactions of Oil stood at Rs1.37bn, while Natural Gas transactions reached Rs246.51m.

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs3.86bn.

Within this category, US Exchange-Traded Funds (ETF) including Nasdaq, S&P 500, and DJ recorded volumes of Rs3.02bn, Rs288.07m, and Rs557.88m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs6.8m.

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