PMEX trading plummets 37% DoD to Rs13.65bn

May 22, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) decreased by 37.19% DoD on Tuesday to clock in at Rs13.65 billion compared to the previous session's Rs21.74bn.

Similarly, the number of lots traded fell to 12,143, compared to the 19,504 traded in the previous session.

The commodity exchange closed at 10,949, down 0.45% DoD.

The Metals category recorded the highest trading volume, worth Rs10.22bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs7.31bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs1.25bn, Rs311.33m, Rs1.22bn.

Following closely behind, Forex category recorded trading valued at Rs1.26bn. This included currencies through composite order trading system (COTS) worth Rs1.2bn and other FX pairs worth Rs54.45m.

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 Rs1.2bn. Transactions of Oil stood at Rs990.43m, while Natural Gas transactions reached Rs208.09m

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs871.88m.

Within this category, US ETFs including Nasdaq, S&P 500, and DJ recorded volumes of Rs756.17m, Rs26.71m, and Rs88.99m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs109.42m.

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