LAHORE - Volumes at Pakistan Mercantile Exchange Limited reached another record over the first quarter of 2011. March alone saw the traded value crossing the Rs 50b monthly mark for the first time. The overall first quarter volume saw a 1026 percent increase in terms of value traded over the same period last year and a 62 percent increase over the previous quarter. Growth in trading volumes was accompanied by growing product diversification. While a year ago almost all the trading was in gold, last quarters activity was spread over Gold (55%), Silver (20%) and Crude Oil (25%). This represents the increasing interest of investors as well as the rapidly increasing expertise of commodity brokers. We are very encouraged with the continuing growth on the Exchange and are optimistic for the coming months said PMEX MD.