Daily Trade Analysis: Detailed Record of Transactions in PMEX for the Day
KARACHI — On Thursday, Pakistan Mercantile Exchange (PMEX) recorded a significant traded value of PKR 40.746 billion, with a total of 42,344 lots exchanged.
The primary contributors to this trade were gold, which accounted for PKR 20.848 billion, followed by COTS (PKR 8.300 billion), NSDQ 100 (PKR 5.030 billion), platinum (PKR 1.989 billion), crude oil (PKR 1.507 billion), silver (PKR 1.105 billion), DJ (PKR 642.557 million), SP 500 (PKR 580.209 million), Brent (PKR 204.868 million), natural gas (PKR 199.364 million), copper (PKR 187.309 million), palladium (PKR 82.915 million), Japan Equity (PKR 64.671 million), and aluminum (PKR 2.690 million). In the agricultural sector, 16 lots amounting to PKR 25.438 million were transacted.
Gold trading is essential as it acts as a buffer against inflation and currency fluctuations in the region. The Pakistan Mercantile Exchange is currently preparing to launch its first-ever deliverable futures contract in agricultural commodities, specifically sugar. This initiative aims to bolster price transparency, control speculative practices, and improve supply chain management in Pakistan’s sugar market.
The exchange also trades energy products like crude oil, Brent crude, and natural gas, helping manage price risks in Pakistan's energy sector. Metal futures for platinum, silver, copper, palladium, and aluminum are also available, offering exposure to global metal price movements.
PMEX offers futures contracts on various international financial indices, such as the Nasdaq 100, Dow Jones, S&P 500, and Japan Equity indices, enabling local investors access to global equity markets and diversification opportunities.
By providing a diverse product range, PMEX plays a crucial role in improving market transparency, risk management, and investor participation in Pakistan. The upcoming deliverable sugar futures contract signifies the exchange’s continued efforts to evolve and adapt to market needs. Currently, PMEX is the only regulated futures and commodity trading exchange in Pakistan, managed by the Securities and Exchange Commission of Pakistan (SECP).
- Gold, being a valuable commodity, acted as a buffer against inflation and currency fluctuations in the region, accounting for PKR 20.848 billion in the traded value at Pakistan Mercantile Exchange (PMEX).
- Recognizing the need for price transparency and control in Pakistan's sugar market, PMEX is planning to launch its first-ever deliverable futures contract in agricultural commodities, specifically sugar.
- Besides energy products like crude oil, Brent crude, and natural gas, PMEX also trades metal futures for platinum, silver, copper, palladium, and aluminum, offering exposure to global metal price movements.
