PMEX trading activity surges to Rs29.9bn

August 01, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) increased by 30.70% DoD on Wednesday to clock in at Rs29.86 billion compared to the previous session's Rs22.85bn.

Similarly, the number of lots traded rose to 20,262, compared to the 15,632 traded in the previous session.

The Metals category recorded the highest trading volume, worth Rs12.48bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs10.36bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs515.86m, Rs152.25m, and Rs1.2bn.

Following closely behind, Forex category recorded trading valued at Rs9.72bn. This included currencies through composite order trading system (COTS) worth Rs9.42bn and other FX pairs worth Rs301.57m.

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 Rs1.81bn. Transactions of Oil stood at Rs1.72bn, while Natural Gas transactions reached Rs96.11m.

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs5.74bn.

Within this category, US Exchange-Traded Funds (ETF) including Nasdaq, S&P 500, and DJ recorded volumes of Rs4.85bn, Rs483.21m, and Rs412.11m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs13.44m.

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