PMEX Daily Commodity Roundup

Thursday, December 31, 2015

Global Perspective

Gold: Golds image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the
sale of gold-backed funds by investors. It is the longest slump since 2000 as the dollar surged on the back of monetary
policy tightening in the U.S, joining a collapse in prices of commodities from iron ore to oil. Holdings in gold exchangetraded products have declined 10 times in the last 13 sessions to 1,466.45 metric tons, near the lowest in more than six
years.
Crude Oil: Crude prices fell more than 3 percent on Wednesday, with Brent sliding toward 11-year lows, on the back of
high U.S. stockpiles and the signs that Saudi Arabia will keep adding to the global oil glut. Crude inventories in the United
States, the world's largest petroleum producer, rose 2.6 million barrels last week.
Silver: At COMEX, silver spot price was US$ 13.89 per ounce.
Data Announcements
Following data is expected to be announced today and on Monday around given times:

31-Dec-2015

04-Jan-2015

Time (PST)
06:30 pm
07:45 pm
08:30 pm
02:30 pm
02:30 pm
08:00 pm

Currency
USD
USD
USD
GBP
GBP
USD

Impact
High
Medium
Low
High
Medium
High

Details
Unemployment Claims
Chicago PMI
Natural Gas Storage
Manufacturing PMI
Net Lending to Individuals m/m
ISM Manufacturing PMI

PMEX Market Overview

On Wednesday, at Pakistan Mercantile Exchange (PMEX),
value traded was PKR 3.17 billion and number of lots traded
was 13.68 million.

Traded Value in PKR Millions [LHS]

PMEX Commodity Index closed at 2,520.

Major business was contributed by gold amounting to PKR
2.75 billion followed by crude (PKR 346.86 million), silver (PKR
59.34 million), cotton (PKR 1.67 million) and red chilli (PKR
7.65 million).

25,000
20,000
15,000
10,000
5,000
0
23-Dec 24-Dec 28-Dec 29-Dec 30-Dec

PMEX Market Trend

The total open interest at the Exchange was PKR 3.6 billion,
increasing from the previous day's PKR 3.4 billion. Positions in
gold were PKR. 3 billion contributing to 71 percent of the
total open interest, whilst the share of crude oil was up by 5
percent to PKR 801 million. A change of 14 percent was
observed in the open interest of silver.

4,000

Open Interest in Commodities

Crude
Silver
Gold

PKR Millions

3,500
3,000
2,500
2,000
1,500
1,000
500
0
23-Dec

24-Dec

28-Dec

29-Dec

30-Dec

Thousands

Millions

Traded Lots in Thousands [RHS]

4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

PMEX Open Interest Summary December 30, 2015

CRUDE
10

CRUDE
100

GO1
OZ

GO10
OZ

GO100
OZ

EUR
GOLD

GBP
GOLD

JPY
GOLD

USD
GOLD

SL10
OZ

SL100
OZ

SL500
OZ

ICOTTON

Grand
Total

OI - Lots

1,742

1,903

4,478

950

14

938,242

2,726,064

1,311,197

2,353,109

2,819

744

121

7,341,388

OI Value
(Millions)

67.12

733.85

497.89

1,056.23

155.64

104.31

303.06

145.76

261.61

40.91

107.97

87.80

1.68

3,563.83

NL

NL

NL

NL

NL

NL

NL

NS

NL

NL

NL

NL

NS

NL

Market Trend

open Interest | NL = Net Long | NS = Net Short | Value = PKR

Price Returns Summary

Return Close/Open %
Difference in Open and Close ($)
Range Day (Max Min)/Open %
Difference in Max & Min ($)
Average Return (1 Hour) %
Volatility (1 Hour) %
Return to Volatility Ratio (1 Hour)
Intraday Volatility %

Gold
(0.70)
(7.50)
1.25
13.20
0.22
0.19
1.13
0.88

Silver
(0.55)
-0.08
1.63
0.23
0.44
0.24
1.79
1.12

Crude
(2.91)
(1.10)
2.64
0.97
0.67
0.33
2.06
1.49

Crude oil prices were down by 2.91 percent on Wednesday

after U.S. Energy Information Administration reported an
unusual build in U.S. crude stockpiles. Precious metal
prices were down by more than 0.55 percent while gold
outperformed silver by 0.16 percent for the last business
day. A significant correlation was witnessed between all
actively traded commodities for the last trading day.

PMEX Hourly Price Movements

OPEN
HIGH
LOW
CLOSE

1,067.6
1,071.6
1,058.4
1,060.1

CHANGE
0.70
%

OPEN
HIGH
LOW
CLOSE

37.84
37.35
36.38
36.74

02:00

24:00

22:00

18:00

Low

16:00

14:00

High

06:00

02:00

24:00

22:00

20:00

18:00

16:00

14:00

12:00

10:00

08:00

06:00

CHANGE

02:00

13.7
24:00

36.2
22:00

1,057

20:00

13.8
18:00

1,061

16:00

13.9

36.7
14:00

37.2

12:00

1,065

10:00

14.0

1,069

08:00

37.7

1,073

06:00

14.1

20:00

Low

38.2

12:00

High

Low

SILVER US $ / t Oz

10:00

High

CRUDE OIL US $ / barrel

08:00

GOLD US $ / t Oz

CHANGE
2.91
%

OPEN
HIGH
LOW
CLOSE

13.904
13.978
13.752
13.828

0.55
%

Term of the Day

Market Sentiment

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DISCLAIMER: This report is for information purpose only and does not constitute an offer or solicitation to make an investment in Commodity Futures Contracts which carries risk. Any views, expressions or
opinions expressed in this report are solely for providing information to readers. Figures appearing in report are although taken from reliable sources as presented however; we are not taking any
responsibility about its accuracy, completeness and any decision taken on the basis of such information.