According to PMEX, with the rise in commodity trading, more and more investors are viewing commodity futures as an alternative source of investment. PHOTO: FILE/GETTY
LAHORE: Pakistan Mercantile Exchange (PMEX) has published a first of its kind Urdu dictionary on futures trading in the country.
According to a press release, PMEX Head of Marketing Raeda Latif, explaining the concept behind the project, said the commodity markets were still in a development stage and a large population was unaware of the concept of futures trading. For this purpose, she said, a comprehensive guide on futures trading was introduced.
Expressing his views, Shayan Ali, a financial and technical analyst and author of the dictionary, said: “I have explained over hundred financial terminologies from the basic to the most advance for the benefit of not only new traders but also experienced analysts.”
PMEX, the only platform in Pakistan for commodity futures trading, boasts of a record trading volume of Rs385.5 billion in the first quarter (July-September) of fiscal year 2012-13, up 40.7% compared to the preceding quarter.
According to PMEX, with the rise in commodity trading, more and more investors are viewing commodity futures as an alternative source of investment. However, derivatives are regarded as highly complex financial products and investors are wary of trading them.
Published in The Express Tribune, January 22nd, 2013.
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