Pakistan Mercantile Exchange (PMEX) witnessed significant drop in volume due to early closure of market on account of US President’s Day. Total value of trade plunged by 64 per cent to PKR1,921 million from PKR5,288 million recorded on Monday. Number of lots traded also declined to 8,394 from 18,855. However, PMEX Commodity Index went up by 0.80 per cent to 3,206. Major business was contributed by gold amounting PKR1,506 million, followed by crude oil (PKR318 million) and silver (PKR97 million).
The largest decline of 83 per cent was registered in crude oil volume to PKR318 million from PKR1,855 million and there was 53 per cent decline in gold volume recorded at PKR1,506 million from PKR3,230 million.