Pakistan Mercantile Exchange Limited

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Pakistan Mercantile Exchange Limited
Founded Formed 2002, operational May 2007
Headquarters Karachi, Pakistan
Key People Ejaz Ali Shah, Managing Director; Dr. Salman Shah, Chairman
Products Commodities
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Pakistan Mercantile Exchange Limited (PMEX) was the first technology driven, demutualized, online commodity futures exchange in Pakistan. It was previously named Pakistan’s National Commodity Exchange Limited and the National Commodity Exchange Limited.[1] Patsystems provides end-to-end technology for the exchange, including the matching engine and front-end JTrader platform.[2]

Although in mid-2010 almost the entire volume of trading was in gold, in mid-2011 activity diversified as 55 percent of the total trade was gold, while silver and crude oil had a 20 percent and 25 percent share, respectively.[3]

Pakistan Mercantile Exchange ranked 45th in global derivative exchange volume in 2021 with 2.6 million contracts traded, an 18 percent decrease from the previous year, according to the Futures Industry Association's Annual Volume Report.[4]


Pakistan Mercantile Exchange Limited started its operations in May 2007 as a fully electronic exchange with nation-wide reach. It is a demutualized exchange with 100 percent institutional shareholding. It is licensed and regulated by the Securities and Exchange Commission of Pakistan, the regulator for all financial markets in the country.

Products and Services[edit]

The exchange lists and trades contracts in gold, silver, crude oil, IRRI6 rice, palm olein, sugar, wheat and KIBOR Interest Rate futures. [5]

Contract Volume[edit]

Year Total Annual Volume* Percent Change
2021 2,639,897 (-) 18.27
2020 3,230,197 64.8
2019 1,960,097 (-) 21.29
2018 2,490,226 (-) 21%
2017 3,156,470 (-) 9.3%
2016 3,481,167 (-) 10.5%
2015 3,890,968 8.2%
2014 3,572,003 (-) 22.5%
2013 4,608,831 --

Key People[edit]