What is MTS (Margin Trading System) on the PSX?
MTS (Margin Trading System) is NCCPL's regulated platform for leveraged buying in the PSX ready market: financiers fund a portion of an investor's share purchase and earn a markup, with the shares held as collateral. Net open MTS positions are disclosed per symbol every day.
How it works
The daily MTS report shows, for each eligible symbol, the open financed volume and value, new take-ups, releases, and the weighted-average markup rate. Positions must be unwound within a defined period, so MTS exposure is inherently short-term leverage.
High MTS exposure relative to a stock's free float marks crowded leveraged longs. When prices fall, financed positions face margin pressure and forced selling — which is why leverage data is read as a risk gauge as much as a bullish signal.
See the live data → Leverage & Short Pressure dashboard
Common questions
What is the difference between MTS and MFS on the PSX?
MTS is centralized leverage routed through NCCPL where third-party financiers fund trades against markup. MFS (Margin Financing System) is broker-to-client financing — the broker itself extends the leverage. Both are disclosed daily per symbol.