Dow Jones 30
- Contract size
- 1
- Pip size
- 1.0
- Quoted in
- USD
Value of one point by volume
| Volume | Units | Value per point |
|---|---|---|
| 0.01 | 0.01 | 2.77 PKR |
| 0.05 | 0.05 | 13.84 PKR |
| 0.10 | 0.10 | 27.68 PKR |
| 0.50 | 0.50 | 138.41 PKR |
| 1.00 | 1.00 | 276.82 PKR |
| 2.00 | 2.00 | 553.64 PKR |
| 5.00 | 5.00 | 1 384.10 PKR |
| 10.00 | 10.00 | 2 768.21 PKR |
What US30 is and how it is quoted
US30 is the Dow Jones 30 index, quoted in USD. The instrument tracks an index rather than a single company, so its price reflects the combined movement of the underlying shares that make up the index.
The price is quoted with two digits after the decimal point. The minimum price step is 1.0, so a quote can move in whole index points. One lot corresponds to 1 unit of the underlying asset.
Trading an index differs from buying a physical asset such as gold. A page about gold rate in Pakistan today usually gives a price for a weight of metal that can be held or stored. US30 is a cash-settled index exposure: there is no physical delivery, and the result depends entirely on how the quoted price moves while the position is open.
The same ground from another side: Position size · Dow Jones 30 and Value per pip · Dow Jones 30.
How a trade in US30 works
A position in US30 is opened in lots. The contract size is 1 unit of the base asset per lot. The quote currency is USD, so the financial result is first expressed in USD and then converted into the account currency.
The price step is 1.0, and the step value is 1.0 multiplied by 1 in the quote currency per lot. In practice this means the monetary value of a one-point move depends on the broker’s pricing. Brokers can differ in how they translate the step into the account balance, so the cost of a point must be checked before placing an order.
This is different from comparing 22 carat gold price in Pakistan with 24 carat: in bullion the caratage and tola weight are fixed references. In US30 the position size, the broker’s point value, and the account currency all affect the result. A one-point move does not automatically mean the same amount for every trader.
How the result of a trade is calculated
The result is calculated as the price movement in points multiplied by the point value. The point value is 1.0 × 1 in USD per lot. The outcome is then converted into the account currency.
Because the point value can vary between brokers, the same price movement may produce a different monetary result on different platforms. The registry note for this instrument explicitly states that the point value differs among brokers and must be verified.
The calculation itself is simple: movement in points, multiplied by the point value, converted to the account currency. What needs care is the point value assumed by the platform, not the arithmetic.
These figures assume a live account. If you plan to place the trade, check the spread and the overnight cost your broker actually charges here first.
Open an accountPoints to check before trading US30
The instrument data for US30 is marked as requiring verification. That applies to the price step, the point value, the contract size, and the quote currency. Before relying on any of these values, check the broker’s specification for the exact parameters that apply to your account.
The main point to confirm is the point value. Since brokers can set different values, the same index movement may affect the account balance differently. The quote currency is USD, so accounts in another currency also face conversion at the rate applied by the broker.
There is no physical asset behind the position. For someone used to checking 1 tola gold price in Pakistan, where the weight and purity define the value, an index position depends on contract terms. The contract specification is the equivalent of the weight and purity in bullion: without it, the price alone does not tell you the result.
Common questions about US30
What is US30?
US30 is the Dow Jones 30 index, quoted in USD. One lot represents 1 unit of the underlying asset.
How is the result of a US30 trade calculated?
The price movement in points is multiplied by the point value. The point value is 1.0 × 1 in USD per lot, and the result is converted into the account currency.
Does one point have the same value at every broker?
No. The registry note states that the point value differs among brokers and must be verified. The same price movement can therefore produce different results depending on the broker.
Is US30 settled by delivery of shares?
No. It is an index quoted in USD, not a physical asset. The result depends on the price movement while the position is open.
Where can I verify the contract details for US30?
Check the broker’s instrument specification for the point value, contract size, and quote currency. The values listed for US30 are marked as requiring verification.