PMEX trading activity rise 9% DoD

June 24, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) increased by 9.26% DoD on Friday to clock in at Rs27.69 billion compared to the previous session's Rs25.34bn.

Similarly, the number of lots traded rose to 18,541, compared to the 17,768 traded in the previous session.

The commodity exchange closed at 10,535, down by 0.59% DoD.

The Metals category recorded the highest trading volume, worth Rs19.76bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs15.51bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs1.76bn, Rs214.43m, and Rs2.1bn.

Following closely behind, Forex category recorded trading valued at Rs5.08bn. This included currencies through composite order trading system (COTS) worth 4.95bn and other FX pairs worth Rs129.12m.

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 Rs742.6m. Transactions of Oil stood at Rs636.65m, while Natural Gas transactions reached Rs105.95m

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs1.86bn.

Within this category, US Exchange-Traded Funds (ETF) including Nasdaq, S&P 500, and DJ recorded volumes of Rs1.53bn, Rs114.12m, and Rs220.44m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs240.78m.

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