Pakistan Mercantile Exchange hold Investor Awareness Seminar on Agricultural Commodities Trading

Islamabad, September 17, 2012 (PPI-OT): A seminar was conducted by Pakistan Mercantile Exchange (PMEX) at Islamabad Stock Exchange Limited (ISE) on Agricultural Commodities Trading in Pakistan for the Commodity Traders and General Investors in the Northern Pakistan.

This seminar is a part of a series of trainings started earlier with special focus on educating the Traders and general public about the new Deliverable Agricultural Commodities introduced by PMEX. Basic purpose of these products is to route the investments through regularized Exchanges which is a proper channel and will help in best price discovery of the Agri – Commodities in Pakistan and also helps in strengthening the economy.

Mr. Faisal Malik, Business Head of Agricultural Products, PMEX said that the turnover of most of the Agri-commodities in Hundred of Billion rupees and all these products are trading through irregular channels and the prices are manipulated and controlled by the participants of these irregular channels.

The new system introduced by PMEX will help in best price discovery of the Agri – Commodities and the delivery based system will ultimately bring the natural buyers to the market and omit the intermediaries from the market and farmers will get the right price of their product.

He also said that the small investors can also get the trading rights through a very small investment and can also deliver the raw material to the well reputed companies. PMEX will also introduce new products and contracts in the markets to encourage the market participants in commodity trading.

A large group of people have attended the session and have shown great entrust in commodity trading. Mian Ayyaz Afzal, Managing Director, ISE appreciate the efforts of PMEX in creating awareness among the general public and he emphasized that there is a dire need to promote saving culture in the country and as an agricultural based country our economy needs such exchanges to regularize the trade of Agri – Commodities.

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk