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

Session

Major Markets

Hours (PST)

Asian Session

Tokyo

2:00 am to 12:00 pm

European Session

London

12:00 pm to 9:00 pm

American Session

New York

4:00 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

Product Name

Active Contract

Date of Expiry

Brent Oil

FE24

Thursday, 28 December 2023

Copper

MA24

Tuesday, 27 February 2024

Crude Oil

JA24

Monday, 18 December 2023

Currency Pairs

JA24

Wednesday, 27 December 2023

Gold

FE24

Monday, 29 January 2024

ICOTTON

MA24

Thursday, 22 February 2024

JPYEQTY

DE23

Wednesday, 06 December 2023

NGAS

JA24

Tuesday, 26 December 2023

Palladium

MA24

Tuesday, 27 February 2024

Platinum

JA24

Wednesday, 27 December 2023

Silver

MA24

Tuesday, 27 February 2024

U.S INDICES

DE23

Thursday, 14 December 2023

PMEX Margins and Fee: Updated on December 04, 2023

Product GroupsContract CodeInitial MaginInitial Margin ValueMaintenance Margin

ENERGY

CRUDE10 MA245.75%12,600100%
CRUDE10 JA24ID5.75%12,200100%
CRUDE10 JA245.75%12,200100%
CRUDE10 FE245.75%12,500100%
CRUDE100 FE245.75%124,300100%
CRUDE100 MA245.75%125,100100%
CRUDE100 JA245.75%122,000100%
CRUDE1000 JA245.75%1,219,200100%
CRUDE100 JA24ID5.75%122,000100%
CRUDE1000 JA24ID5.75%1,219,200100%
BRENT10 FE245.25%11,900100%
BRENT100 FE245.25%118,500100%
BRENT1000 FE245.25%1,184,200100%
NGAS1K JA2410.50%83,200100%
NGAS10K JA2410.50%831,300100%

Metals

COPPER MA244.75%53,100100%
COPPER25K MA244.75%1,326,200100%
GOMOZ FE242.50%200100%
GO100OZ AP242.50%1,210,600100%
GO100OZ FE24ID2.50%1,490,400100%
GO100OZ FE242.50%1,490,400100%
GO100OZ JA242.50%1,462,600100%
GO10OZ AP242.50%121,100100%
GO10OZ FE24ID2.50%149,100100%
GO10OZ FE242.50%149,100100%
GO10OZ JA242.50%146,300100%
GO1OZ AP242.50%12,200100%
GO1OZ FE24ID2.50%15,000100%
GO1OZ FE242.50%15,000100%
GO1OZ JA242.50%14,700100%
SL10 JA245.00%3,500100%
SL10 MY245.00%3,500100%
SL10 MA24ID5.00%3,700100%
SL10 MA245.00%3,700100%
SL100OZ JA245.00%34,100100%
SL100OZ MY245.00%34,400100%
SL100OZ MA24ID5.00%36,900100%
SL100OZ MA245.00%36,900100%
SL5000OZ MA245.00%1,844,900100%
SL5000OZ MA24ID5.00%1,844,900100%
SL500OZ JA245.00%170,500100%
SL500OZ MA245.00%184,500100%
SL500OZ MA24ID5.00%184,500100%
PLATINUM5 JA244.25%57,000100%
PLATINUM50 JA244.25%569,700100%
PALDIUM100 MA245.50%1,584,300100%
MINIGOLD FRI25.00%48,10060%
MTOLAGOLD FRI105.00%100100%
TOLAGOLD FRI25.00%60,00060%
GOLD JA245.00%587,900100%
GOLD DE235.00%587,900100%
GOLD FE245.00%587,900100%
GOLDKILO DE233.25%3,323,200100%
GOLDKILO JA243.25%3,323,200100%
GOLDKILO FE243.25%3,323,200100%
TGOLD100 DE233.25%375,700100%
TGOLD100 JA243.25%375,700100%
TGOLD100 FE243.25%375,700100%
TGOLD50 JA243.25%187,900100%
TGOLD50 FE243.25%187,900100%
TGOLD50 DE233.25%187,900100%
USDGOLD JA243.75%100100%
AUDGOLD JA241.25%100100%
CADGOLD JA241.75%100100%
CHFGOLD JA241.75%100100%
EURGOLD JA241.50%100100%
GBPGOLD JA241.75%100100%
JPYGOLD JA241.50%100100%

Currency Pairs

GOLDEURUSD JA24 (Through COTs)1.25%38,800100%
GOLDEURUSD JA24ID (Through COTs)1.25%38,800100%
GOLDGBPUSD JA24 (Through COTs)1.50%54,400100%
GOLDGBPUSD JA24ID (Through COTs)1.50%54,400100%
GOLDUSDJPY JA24 (Through COTs)1.75%49,400100%
GOLDUSDJPY JA24ID (Through COTs)1.75%49,400100%
GOLDAUDUSD JA24 (Through COTs)2.00%38,100100%
GOLDAUDUSD JA24ID (Through COTs)2.00%38,100100%
GOLDUSDCAD JA24 (Through COTs)1.25%35,600100%
GOLDUSDCAD JA24ID (Through COTs)1.25%35,600100%
GOLDUSDCHF JA24 (Through COTs)1.25%35,500100%
GOLDUSDCHF JA24ID (Through COTs)1.25%35,500100%
GOLDEURGBP JA24 (Through COTs)1.00%30,900100%
GOLDEURJPY JA24 (Through COTs)1.75%53,800100%
GOLDGBPJPY JA24 (Through COTs)1.75%62,800100%
GOLDCHFJPY JA24 (Through COTs)2.00%65,000100%
GOLDAUDJPY JA24 (Through COTs)1.75%33,000100%
GOLDEURCAD JA24 (Through COTs)1.25%38,700100%
GOLDEURAUD JA24 (Through COTs)1.25%38,400100%
GOLDEURCHF JA24 (Through COTs)1.00%30,900100%
GOLDGBPCHF JA24 (Through COTs)1.25%45,000100%
GOLDAUDCAD JA24 (Through COTs)1.25%23,800100%

Indices

NSDQ100 DE233.00%137,100100%
2NSDQ100 DE233.00%274,200100%
SP500 DE232.25%29,600100%
DJ DE232.25%233,000100%
JPYEQTY1 DE232.75%262,500100%
JPYEQTY5 DE232.75%1,312,100100%

Financial

KIBOR3M DE230.75%1,900100%
KIBOR3M DE240.75%1,900100%
KIBOR3M JU260.75%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 JU250.75%1,900100%
KIBOR3M SE240.75%1,900100%

PMEX Shareholders

Shareholder

Shares Held

% Holding

National Bank of Pakistan Limited

10,653,860

33.98%

Pakistan Stock Exchange Limited

8,909,052

28.41%

ISE Towers REIT Management Limited

5,568,181

17.76%

LSE Financial Service Limited

2,272,727

7.25%

Pak Brunei Investment Company Limited

2,133,115

6.80%

Zarai Taraqiati Bank Limited

909,091

2.90%

Pak Kuwait Investment Company Limited

909,090

2.90%

Individuals

46

0.0001%

Total

31,355,162

100.00%

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