Pakistan Mercantile Exchange (PMEX)

Pakistan Mercantile Exchange (PMEX) is the first technology driven, de-mutualized, on-line commodity futures exchange in Pakistan. It was formerly known as National Commodity Exchange Limited.

PMEX is regulated by Securities and Exchange Commission of Pakistan. Its shareholders are National Bank of Pakistan, Karachi Stock Exchange (KSE), Islamabad Stock Exchange, Lahore Stock Exchange, Pak Kuwait Investment Company (Pvt.) Limited, and Zarai Taraqiati Bank Ltd.

PMEX Products include NCEL IRRI-6 Weekly Rice Futures Contract, NCEL 100 Ounces Gold Futures Contract, NCEL Kilo Gold Futures Contract, NCEL Silver (500 Ounces) Futures Contract, and so on. Some of the PMEX registered brokers include: Darson Securities (Pvt.) Limited, Fortune Securities Limited, BMA Capital Management Limited, Invest Capital Market Limited, Globex link (Pvt.) Ltd.,M.M. Securities (Private) Limited, etc.

In 2007, highest day trade volume record of 9.6 million was seen. 2008 set a new record up by almost 123% of 21.5 million; 2009 set a remarkable day trade volume record worth 1.29 billion. NCEL volume growth has been phenomenal in 2009, breaching ISE and nearing LSE volumes.

* Next: Karachi Stock Exchange (KSE)