PMEX trading volume up 20% on Tuesday

June 26, 2024 (MLN): The trading activity at Pakistan Mercantile Exchange (PMEX) increased by 20.14% DoD on Tuesday to clock in at Rs22.04 billion compared to the previous session's Rs18.35bn.

Similarly, the number of lots traded rose to 15,563, compared to the 11,118 traded in the previous session.

The commodity exchange closed at 10,559, down by 0.68% DoD.

The Metals category recorded the highest trading volume, worth Rs15.03bn.

Gold continued to stay in the spotlight, contributing significantly to the trading volume with transactions worth Rs11.93bn.

Moreover, the trading value of Silver, Copper, and Platinum clocked in at Rs1.55bn, Rs171.85m, and Rs1.28bn.

Following closely behind, Forex category recorded trading valued at Rs4.25bn. This included currencies through composite order trading system (COTS) worth 4.12bn and other FX pairs worth Rs130.81m.

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 Rs1.22bn. Transactions of Oil stood at Rs1.05bn, while Natural Gas transactions reached Rs171.74m.

In addition, Indices category attracted substantial attention from investors as well with a total volume of Rs1.52bn.

Within this category, US Exchange-Traded Funds (ETF) including Nasdaq, S&P 500, and DJ recorded volumes of Rs1.27bn, Rs90.84m, and Rs154.45m respectively.

In the Agriculture segment, Cotton saw active trading amounting to Rs24.72m.

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