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	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,625.00	61,900.00 60,590.00	1790.00 2.99%
BRENT CRUDE	72.22	73.51 72.21	-1.52 -2.06%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	0.00 0.00	0.60 0.48%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.07	70.21 69.04	-1.27 -1.81%
SUGAR #11 WORLD	13.89	14.03 13.86	-0.13 -0.93%