PMEX trading dips 9% on Wednesday

April 04, 2024 (MLN): Across Metals, Energy, COTS/FX, and indices, the trading activity on Wednesday reduced at the Pakistan Mercantile Exchange (PMEX) to clock in at Rs28.73 billion, marking a 9% drop compared to the previous session close of Rs31.7bn.

With a drop in the number of lots traded, 19,448 lots changed hands, compared to the previous close of 23,633.

However, the commodity exchange closed at 10,435 up by 1% DoD.

Gold remained in the limelight, contributing significantly to the trading volume with transactions worth Rs17.11 billion. Following closely behind, the Currencies through COTS recorded trading valued at Rs3.36bn.

NSDQ 100 also made a prominent spot, clocking in at Rs2.09bn. In addition, Platinum, Crude Oil, and Silver attracted substantial attention from investors as well and their transactions stood at Rs1.56bn, Rs1.08bn, and Rs2.69bn, respectively.

Moreover, transactions of Natural Gas transactions reached Rs121.51 million, DJ at Rs109.88m, Copper at Rs277m, SP 500 at Rs234m, Japan Equity at Rs33.37m, and Brent at Rs18.63m.

In the agricultural commodities segment, Cotton saw active trading, with 24 lots amounting to Rs13.78m changing hands.

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