Record-breaking: PMEX posts highest trading volume
Total lots traded in November 2013 were 548,600.
KARACHI:
Pakistan Mercantile Exchange (PMEX), the only futures derivative exchange of Pakistan, recorded the highest ever trading volume totalling Rs207.2 billion for the month of November 2013. This is a record increase in volume crossing the previous high of Rs152.4 billion witnessed in the month of September 2012. Total lots traded in November 2013 were 548,600, which is also a record crossing the previous record of 456,549 lots traded in August 2011. Crude oil outperformed all other major commodities traded on PMEX platform with highest trading volume of approximately Rs142.7 billion. Commenting on the landmark, Managing Director of PMEX Ejaz Ali Shah said, “This increased volume is a testament to the growth potential of the exchange. It also indicates that an increasing number of Pakistani investors are accepting commodities as an alternative asset class for portfolio diversification.”
Published in The Express Tribune, December 6th, 2013.
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