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	150,398.71 270.15M	-1.06% -1612.55
ALLSHR	90,084.08 469.39M	-0.93% -849.88
KSE30	45,453.36 99.47M	-1.14% -522.50
KMI30	218,271.12 195.05M	-0.92% -2019.44
KMIALLSHR	58,965.48 294.49M	-0.81% -483.69
BKTi	41,775.34 33.94M	-0.76% -317.96
OGTi	31,328.42 11.96M	-0.61% -192.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,165.00	67,625.00 66,480.00	-15.00 -0.02%
BRENT CRUDE	109.24	109.74 99.08	8.08 7.99%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	112.06	113.97 97.50	11.94 11.93%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%