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	177,373.76 236.42M	-0.95% -1710.04
ALLSHR	106,122.88 1,067.33M	-0.79% -846.42
KSE30	51,735.03 151.51M	-0.95% -495.26
KMI30	253,872.99 123.80M	-0.86% -2200.84
KMIALLSHR	68,578.42 494.23M	-0.64% -445.16
BKTi	48,841.40 32.08M	-1.14% -564.09
OGTi	35,095.69 8.93M	-0.04% -15.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,350.00	74,300.00 71,230.00	-3375.00 -4.52%
BRENT CRUDE	93.57	94.40 91.19	0.81 0.87%
RICHARDS BAY COAL MONTHLY	127.15	127.15 127.15	0.90 0.71%
ROTTERDAM COAL MONTHLY	136.65	136.65 136.00	0.50 0.37%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	86.57	87.75 85.13	0.04 0.05%
SUGAR #11 WORLD	18.17	18.56 17.96	-0.31 -1.68%