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

Product Name

Active Contract

Expiry Date

Copper

February

24-02-2023

Crude Oil

December

19-12-2022

Currency Pairs

December

28-12-2022

GOLD

January

27-01-2023

ICOTTON

February

21-02-2023

JPYEQTY

March

08-03-2023

NGAS

December

27-12-2022

Palladium

February

24-02-2023

PLATINUM

December

28-12-2022

Silver

December

24-02-2023

U.S INDICES

December

15-12-2022

PMEX Margins & Fee: Updated on December 14, 2022
Product GroupsContract CodeReference PriceInitial MaginInitial Margin ValueMaintenance Margin
EnergyCRUDE10 JA23 $                     75.248.25%14,000100%
CRUDE10 JA23ID $                     75.248.25%14,000100%
CRUDE10 FE23 $                     75.288.25%14,000100%
CRUDE10 MA23 $                     85.968.25%16,000100%
CRUDE100 JA23 $                     75.248.25%139,500100%
CRUDE100 JA23ID $                     75.248.25%139,500100%
CRUDE100 FE23 $                     75.288.25%139,600100%
CRUDE100 MA23 $                     85.968.25%159,400100%
CRUDE1000 JA23 $                     75.248.25%1,394,800100%
CRUDE1000 JA23ID $                     75.248.25%1,394,800100%
BRENT10 FE23 $                     80.448.00%14,500100%
BRENT100 FE23 $                     80.448.00%144,600100%
BRENT1000 FE23 $                     80.448.00%1,446,000100%
NGAS1K JA23 $                       6.9612.25%191,700100%
NGAS10K JA23 $                       6.9612.25%                   1,916,900100%
MetalsCOPPER MA23 $                       3.856.00%51,900100%
COPPER25K MA23 $                       3.856.00%1,296,600100%
GOMOZ FE23 $               1,822.502.75%200100%
GO100OZ FE23 $               1,822.502.75%1,126,200100%
GO100OZ FE23ID $               1,822.502.75%1,126,200100%
GO100OZ AP23 $               1,816.202.75%1,122,300100%
GO100OZ FE23 $               1,822.502.75%1,126,200100%
GO10OZ FE23 $               1,822.502.75%112,700100%
GO10OZ FE23ID $               1,822.502.75%112,700100%
GO10OZ AP23 $               1,816.202.75%112,300100%
GO10OZ FE23 $               1,822.502.75%112,700100%
GO1OZ FE23 $               1,822.502.75%11,300100%
GO1OZ FE23ID $               1,822.502.75%11,300100%
GO1OZ AP23 $               1,816.202.75%11,300100%
GO1OZ JA23 $               1,699.202.75%10,500100%
SL10 JA23 $                     18.415.25%2,200100%
SL10 MA23 $                     23.965.25%2,900100%
SL10 MA23ID $                     23.965.25%2,900100%
SL10 MY23 $                     23.465.25%2,800100%
SL100OZ JA23 $                     18.415.25%21,800100%
SL100OZ MA23 $                     23.965.25%28,300100%
SL100OZ MA23ID $                     23.965.25%28,300100%
SL100OZ MY23 $                     23.465.25%27,700100%
SL5000OZ MA23 $                     23.965.25%1,413,500100%
SL5000OZ MA23ID $                     23.965.25%1,413,500100%
SL500OZ JA23 $                     18.415.25%108,600100%
SL500OZ MA23 $                     23.965.25%141,400100%
SL500OZ MA23ID $                     23.965.25%141,400100%
PLATINUM5 JA23 $               1,043.805.50%64,500100%
PLATINUM50 JA23 $               1,043.805.50%645,000100%
PALDIUM100 MA23 $               1,932.808.25%3,583,000100%
MINIGOLD FRI $          137,106.0025.00%34,30060%
MTOLAGOLD FRI $          113,351.00105.00%100100%
TOLAGOLD FRI $          156,558.0025.00%39,20060%
GOLD FE23 $          117,566.005.00%587,900100%
GOLD JA23 $          117,566.005.00%587,900100%
GOLD DE22 $          117,566.005.00%587,900100%
GOLDKILO FE23 $             99,081.003.25%3,323,200100%
GOLDKILO JA23 $             99,081.003.25%3,323,200100%
GOLDKILO DE22 $             99,081.003.25%3,323,200100%
TGOLD100 FE23 $          115,572.003.25%375,700100%
TGOLD100 JA23 $          115,572.003.25%375,700100%
TGOLD100 DE22 $          115,572.003.25%375,700100%
TGOLD50 FE23 $          115,572.003.25%187,90060%
TGOLD50 JA23 $          115,572.003.25%187,900100%
TGOLD50 DE22 $          115,572.003.25%187,900100%
USDGOLD JA23 $                 1,811.03.75%100100%
AUDGOLD JA23 AUD        2,641.121.25%100100%
CADGOLD JA23 CAD         2,496.201.75%100100%
CHFGOLD JA23 CHF         1,721.851.75%100100%
EURGOLD JA23 EUR         1,703.041.50%100100%
GBPGOLD JA23 GBP         1,464.271.75%100100%
JPYGOLD JA23 JPY      231,417.201.50%100100%
Currency PairsGOLDEURUSD JA23 (Through COTs) $                   1.06331.75%41,900100%
GOLDEURUSD JA23ID (Through COTs) $                   1.06331.75%41,900100%
GOLDGBPUSD JA23 (Through COTs) $                   1.23662.25%62,600100%
GOLDGBPUSD JA23ID (Through COTs) $                   1.23662.25%62,600100%
GOLDUSDJPY JA23 (Through COTs) JPY            135.5852.25%49,900100%
GOLDUSDJPY JA23ID (Through COTs) JPY            135.5852.25%49,900100%
GOLDAUDUSD JA23 (Through COTs) $                   0.68552.25%34,700100%
GOLDAUDUSD JA23ID (Through COTs) $                   0.68552.25%34,700100%
GOLDUSDCAD JA23 (Through COTs) CAD            1.35461.50%33,600100%
GOLDUSDCAD JA23ID (Through COTs) CAD            1.35461.50%33,600100%
GOLDUSDCHF JA23 (Through COTs) CHF             0.92862.00%44,700100%
GOLDUSDCHF JA23ID (Through COTs) CHF             0.92862.00%44,700100%
GOLDEURGBP JA23 (Through COTs) GBP             0.85991.50%35,600100%
GOLDEURJPY JA23 (Through COTs) JPY            144.1602.00%47,200100%
GOLDGBPJPY JA23 (Through COTs) JPY            167.6602.00%54,900100%
GOLDCHFJPY JA23 (Through COTs) JPY            146.0201.75%41,800100%
GOLDAUDJPY JA23 (Through COTs) JPY              92.9532.00%30,400100%
GOLDEURCAD JA23 (Through COTs) CAD            1.44031.25%29,700100%
GOLDEURAUD JA23 (Through COTs) AUD            1.55101.75%41,400100%
GOLDEURCHF JA23 (Through COTs) CHF             0.98731.50%35,700100%
GOLDGBPCHF JA23 (Through COTs) CHF             1.14821.75%48,400100%
GOLDAUDCAD JA23 (Through COTs) CAD            0.92861.50%23,000100%
IndicesNSDQ100 DE2211833.505.25%139,600100%
2NSDQ100 DE2211833.505.25%279,200100%
SP500 DE224021.254.00%36,200100%
DJ DE22341253.25%249,300100%
JPYEQTY1 MA23279853.25%204,400100%
JPYEQTY5 MA23279853.25%1,021,900100%
FinancialKIBOR3M DE2391.790.75%1,900100%
KIBOR3M DE2491.790.75%1,900100%
KIBOR3M JU2390.740.75%1,900100%
KIBOR3M JU2491.790.75%1,900100%
KIBOR3M MA2391.790.75%1,900100%
KIBOR3M MA2491.790.75%1,900100%
KIBOR3M MA2591.790.75%1,900100%
KIBOR3M SE2591.790.75%1,900100%
KIBOR3M SE2391.790.75%1,900100%
KIBOR3M SE2491.790.75%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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