PMEX posts profits for first time

The Pakistan Mercantile Exchange (PMEX) has posted profits for the first time after its establishment on the back of substantial increase in volumes at the leading commodity exchange in the country. "The PMEX has booked profit in the quarter ended September 30, for the first time," PMEX Chief Executive Officer Amjad Khan said. He was talking to a group of reporters at his office here on Wednesday.
"Although the profit is nominal but the PMEX has posted profit for the first time after its establishment," he said. Replying to a question, Amjad Khan indicated that the PMEX might not continue with its plan of making initial public offering (IPO) for sale of its shares to general public. On this occasion, PMEX Chief Business Officer Mansoor Ali gave a detailed presentation about the country's leading commodity exchange.