Exchange Companies Association of Pakistan decides to keep USD at 124.5

MG News | June 22, 2018 at 06:32 PM GMT+05:00

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The Exchange Companies Association of Pakistan has decided not to let the USD cross 124.50 in the open Market.

ECAP asked all companies not to sell above than this rate.

Zafar Paracha Gen Secretary has urged the general public not buy dollars without necessity.

He said "the interbank rate is settled so no need to buy and hold USD unnecessarily as it will further strengthen the Dollar".

Further, he urged Pakistanis to send their remittance through formal channels as Transfer of funds through legal channels is the best way to improve foreign reserves of the country.

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Name	Price/Vol	%Chg/NChg
KSE100	187,455.71 327.77M	0.50% 936.99
ALLSHR	111,816.08 849.60M	0.63% 697.42
KSE30	57,700.84 167.29M	0.39% 223.75
KMI30	264,715.71 179.76M	0.35% 920.16
KMIALLSHR	71,762.81 414.32M	0.58% 411.40
BKTi	54,769.56 46.29M	0.19% 104.45
OGTi	36,736.92 16.02M	1.14% 413.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,595.00	91,840.00 89,760.00	-640.00 -0.70%
BRENT CRUDE	60.17	60.44 60.05	0.21 0.35%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	98.90	0.00 0.00	0.20 0.20%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.18	56.46 56.09	0.19 0.34%
SUGAR #11 WORLD	14.97	15.04 14.69	0.21 1.42%