Pakistan Mercantile Exchange

Pakistan Mercantile Exchange Limited (PMEX) is the country’s first and only demutualized commodity futures exchange, licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP). Based on sophisticated multi-dimensional infrastructure and state-of-the-art technology, PMEX offers a complete suite of services i.e. trading, clearing & settlement, custody as well as back office, all under one roof.

PMEX was formed in 2002 and started its operations in May 2007 offering a diverse range of domestic and international products across multiple asset classes. PMEX is a demutualized exchange and the shareholding is completely institution based. The products that are generally offered at the Exchange[s] can be broadly classified into the following two categories:

Global Products: These products are in most part available amongst all futures exchanges and therefore categorized as global commodities. Examples of such products are: Gold, Silver, Crude Oil and Currency Pairs.

Local Products: These are the products that are produced and traded locally. Thus, the product suite differs from country to country. Examples of such products are: Cotton, Wheat, Sugar, Corn, Rice and Spices.

The products offered by PMEX can be clubbed into four main asset classes: metals, agriculture, energy and financial futures. Within each commodity, a variety of contracts are offered based on currency denomination, contract size and tenure. 

International Trading Sessions
SessionMajor MarketsHours (PST)
Asian SessionTokyo2:00 am to 12:00 pm
European SessionLondon12:00 pm to 9:00 pm
American SessionNew York4:00 pm to 2:00 am
PMEX Market Timings

Commodity

Day

Revised Timing

Open

Close

All International Commodities except iCotton, iSoybean, iCorn, iWheat

Monday

4:00 AM

3:00 AM

Tuesday to Friday

6:00 AM

3:00 AM

ISoybean, ICorn, IWheat

Monday

4:00 AM

12:00 AM

Tuesday to Friday

6:00 AM

12:00 AM

ICotton

Monday to Friday

7:00 AM

12:00 AM

Contracts Expiry Date

Trading Pairs

Active Contracts

Date Of Expiry

Crude Oil

JU23

19/05/2023

NGAS

JU23

25/05/2023

Currency Pairs

JU23

29/05/2023

Gold

JU23

29/05/2023

Palladium

JU23

29/05/2023

Brent Oil

JY23

29/05/2023

JPYEQTY

JU23

07/06/2023

US INDICES

JU23

15/06/2023

ICOTTON

JY23

23/06/2023

Silver

JY23

28/06/2023

Copper

JY23

28/06/2023

PLATINUM

JY23

28/06/2023

PMEX Margins & Fee: Updated on May 18, 2022
Product Contract CodeInitial MaginInitial Margin ValueMaintenance Margin
Energies CRUDE10 AU236.50%14,100100%
CRUDE10 JU23ID6.50%13,500100%
CRUDE10 JU236.50%13,500100%
CRUDE10 JY236.50%13,500100%
CRUDE100 AU236.50%140,700100%
CRUDE100 JU23ID6.50%134,800100%
CRUDE100 JU236.50%134,800100%
CRUDE100 JY236.50%134,900100%
CRUDE1000 JU236.50%1,347,600100%
CRUDE1000 JU23ID6.50%1,347,600100%
BRENT10 JY236.25%13,700100%
BRENT100 JY236.25%137,000100%
BRENT1000 JY236.25%1,369,600100%
NGAS1K JU2313.50%91,600100%
NGAS10K JU2313.50%                                915,100100%
MetalsCOPPER JY235.75%61,500100%
COPPER25K JY235.75%1,537,400100%
GOMOZ JU232.75%200100%
GO100OZ OC232.75%1,333,700100%
GO100OZ JU23ID2.75%1,558,500100%
GO100OZ AU232.75%1,333,700100%
GO100OZ JU232.75%1,558,500100%
GO10OZ OC232.75%133,400100%
GO10OZ JU23ID2.75%155,900100%
GO10OZ AU232.75%133,400100%
GO10OZ JU232.75%155,900100%
GO1OZ OC232.75%13,400100%
GO1OZ JU23ID2.75%15,600100%
GO1OZ AU232.75%13,400100%
GO1OZ JU232.75%15,600100%
SL10 JY235.75%4,000100%
SL10 DE235.75%4,000100%
SL10 JY23ID5.75%4,000100%
SL10 SE235.75%4,000100%
SL100OZ JY235.75%39,300100%
SL100OZ DE235.75%39,300100%
SL100OZ JY23ID5.75%39,300100%
SL100OZ SE235.75%39,300100%
SL5000OZ JY235.75%1,963,800100%
SL5000OZ JY23ID5.75%1,963,800100%
SL500OZ JY235.75%196,400100%
SL500OZ DE235.75%196,400100%
SL500OZ JY23ID5.75%196,400100%
PLATINUM5 JY235.25%80,900100%
PLATINUM50 JY235.25%808,300100%
PALDIUM100 JU237.00%2,961,400100%
MINIGOLD FRI25.00%48,00060%
MTOLAGOLD FRI105.00%100100%
TOLAGOLD FRI25.00%60,70060%
GOLD MY235.00%587,900100%
GOLD JY235.00%587,900100%
GOLD JU235.00%587,900100%
GOLDKILO MY233.25%3,323,200100%
GOLDKILO JY233.25%3,323,200100%
GOLDKILO MY233.25%3,323,200100%
TGOLD100 MY233.25%375,700100%
TGOLD100 JY233.25%375,700100%
TGOLD100 JU233.25%375,700100%
TGOLD50 MY233.25%187,900100%
TGOLD50 JY233.25%187,900100%
TGOLD50 JU233.25%187,900100%
USDGOLD JU233.75%100100%
AUDGOLD JU231.25%100100%
CADGOLD JU231.75%100100%
CHFGOLD JU231.75%100100%
EURGOLD JU231.50%100100%
GBPGOLD JU231.75%100100%
JPYGOLD JU231.50%100100%
Currency PairsGOLDEURUSD JU23 (Through COTs)1.75%54,200100%
GOLDEURUSD JU23ID (Through COTs)1.75%54,200100%
GOLDGBPUSD JU23 (Through COTs)2.00%71,300100%
GOLDGBPUSD JU23ID (Through COTs)2.00%71,300100%
GOLDUSDJPY JU23 (Through COTs)2.25%64,600100%
GOLDUSDJPY JU23ID (Through COTs)2.25%64,600100%
GOLDAUDUSD JU23 (Through COTs)2.25%42,800100%
GOLDAUDUSD JU23ID (Through COTs)2.25%42,800100%
GOLDUSDCAD JU23 (Through COTs)1.50%42,700100%
GOLDUSDCAD JU23ID (Through COTs)1.50%42,700100%
GOLDUSDCHF JU23 (Through COTs)2.00%57,000100%
GOLDUSDCHF JU23ID (Through COTs)2.00%57,000100%
GOLDEURGBP JU23 (Through COTs)1.50%46,300100%
GOLDEURJPY JU23 (Through COTs)2.00%62,200100%
GOLDGBPJPY JU23 (Through COTs)2.25%80,600100%
GOLDCHFJPY JU23 (Through COTs)2.25%71,800100%
GOLDAUDJPY JU23 (Through COTs)2.00%38,300100%
GOLDEURCAD JU23 (Through COTs)1.25%38,600100%
GOLDEURAUD JU23 (Through COTs)1.50%46,300100%
GOLDEURCHF JU23 (Through COTs)1.25%38,700100%
GOLDGBPCHF JU23 (Through COTs)1.75%62,300100%
GOLDAUDCAD JU23 (Through COTs)1.25%23,700100%
IndicesNSDQ100 JU234.25%165,500100%
2NSDQ100 JU234.25%331,000100%
SP500 JU234.00%47,700100%
DJ JU233.25%310,400100%
JPYEQTY1 JU233.00%261,400100%
JPYEQTY5 JU233.00%1,307,000100%
FinancialKIBOR3M DE230.75%1,900100%
KIBOR3M DE240.75%1,900100%
KIBOR3M JU230.75%1,900100%
KIBOR3M JU240.75%1,900100%
KIBOR3M MA260.75%1,900100%
KIBOR3M MA240.75%1,900100%
KIBOR3M MA250.75%1,900100%
KIBOR3M SE250.75%1,900100%
KIBOR3M SE230.75%1,900100%
KIBOR3M SE240.75%1,900100%
PMEX Shareholders
ShareholderShares Held% Holding
National Bank of Pakistan Limited10,653,86033.98%
Pakistan Stock Exchange Limited8,909,05228.41%
ISE Towers REIT Management Limited5,568,18117.76%
LSE Financial Service Limited2,272,7277.25%
Pak Brunei Investment Company Limited2,133,1156.80%
Zarai Taraqiati Bank Limited909,0912.90%
Pak Kuwait Investment Company Limited909,0902.90%
Individuals460.0001%
Total31,355,162100.00%
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