PMEX trading activity falls 25% DoD

July 11, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) decreased by 25.40% DoD on Wednesday to clock in at Rs15.81 billion compared to the previous session's Rs21.19bn.

Similarly, the number of lots traded fell to 11,800, compared to the 13,604 traded in the previous session.

The commodity exchange closed at 10,449, down by 0.02% DoD.

The Metals category recorded the highest trading volume, worth Rs10.75bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs7.27bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs1.47bn, Rs355.98m, and Rs1.51bn.

Following closely behind, Forex category recorded trading valued at Rs1.94bn. This included currencies through composite order trading system (COTS) worth Rs1.72bn and other FX pairs worth Rs222.74m.

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 Rs1.06bn. Transactions of Oil stood at Rs967.2m, while Natural Gas transactions reached Rs94.43m.

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs1.98bn.

Within this category, US Exchange-Traded Funds (ETF) including Nasdaq, S&P 500, and DJ recorded volumes of Rs1.7bn, Rs47.3m, and Rs232.04m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs9.84m.

Copyright Mettis Link News