Trends - ECAP - Business Recorder

ECAP

Open-market: rupee continues to recover against US dollar

The Pakistani rupee maintained its upward trend against the US dollar in the open-market as well on Monday as the...

Updated 02 Oct, 2023 07:13pm

ECs have no role in volatile exchange rate: Bostan

KARACHI: Malik Muhammad Bostan, Chairman of Exchange Companies Association of Pakistan (ECAP), Tuesday said Exchange...

Updated 20 Sep, 2023 10:43am

Markets

Open-market: rupee weakens marginally against US dollar

The rupee’s appreciation run in the open market came to a stop as the Pakistani currency inched lower against the US...

Updated 13 Sep, 2023 05:19pm

ECs all praise for army chief

KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market...

Updated 08 Sep, 2023 09:34am

ECAP resents deployment of LEAs’ personnel at exchange cos

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has opposed deployment of personnel of law...

Updated 06 Sep, 2023 10:54am

Markets

Open market: rupee sees strong recovery against US dollar

Gap with inter-bank market narrows, but still over IMF-prescribed limit

Updated 05 Sep, 2023 06:51pm

Markets

Open-market: USD hits 331 against PKR

The US dollar climbed to new heights against the rupee in the open-market, and hit the 331 level during trading. On...

Updated 01 Sep, 2023 02:41pm

Debit, credit cards: ECAP suggests 10pc tax on shopping abroad

KARACHI: Exchange Companies of Pakistan (ECAP) Chairman Malik Muhammad Bostan Thursday suggested early imposition of...

Updated 02 Jun, 2023 12:07pm

Forex buyers, sellers: Senate panel urged to remove CNIC-video condition

ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate...

Updated 30 Mar, 2023 08:27am

Exchange rate: Removal of cap to inject stability into currency market: Bostan

KARACHI: The Chairman of Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan Friday said the...

Updated 28 Jan, 2023 12:35pm

Markets

KSE-100 increases over 1,000 points as Pakistan moves to revive IMF programme

Across-the-board buying seen in index-heavy sectors

Updated 26 Jan, 2023 07:18pm

Markets

Rupee plunges to record low in inter-bank market after nearly 10% fall

PKR finishes at 255.43 against the US dollar, a loss of Rs24.54 in a single day
Many analysts believed the rupee was due for a 'delayed correction' as Pakistan moved to meet IMF conditions

Updated 26 Jan, 2023 07:15pm

SBP officials, ECAP leaders discuss USD supply

KARACHI: The State Bank of Pakistan (SBP) has assured dollar supply against export of other currencies to exchange...

Updated 26 Jan, 2023 10:46am

Markets

FCY: how did open market behave after Exchange Companies lifted the price cap

All eyes were on the open market of foreign currency on Wednesday after the Exchange Companies (ECs) lifted what...

Updated 26 Jan, 2023 03:57am

Markets

26th successive fall: rupee depreciates against US dollar

Currency loses Re0.49 to close at 230.89 in inter-bank market

Updated 25 Jan, 2023 11:02pm

ECs lift cap on dollar rate

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate...

Updated 25 Jan, 2023 08:51am

Markets

Exchange companies set to remove ‘self-imposed price cap’ on open-market dollars

Association says it will sell the foreign currency in accordance with demand-supply dynamics

Published 24 Jan, 2023 07:46pm

Markets

20th straight loss: rupee depreciates against US dollar

Currency loses Re0.32 to close at 228.66 in the inter-bank market

Updated 17 Jan, 2023 08:08pm

Remittances, export proceeds: ECAP seeks special exchange rate

KARACHI: In order to enhance the foreign inflows, the Exchange Companies Association of Pakistan (ECAP) has...

Updated 17 Jan, 2023 11:22am

Business & Finance

Bostan explains how hundi/hawala business gets a huge boost

KARACH: Exchange Companies Association of Pakistan (ECAP) President Malik Bostan Monday said that black marketing of...

Published 27 Dec, 2022 07:10am

Markets

Rupee registers another fall against US dollar in inter-bank market

Currency closes at 225.4 against the US dollar on Wednesday

Updated 21 Dec, 2022 08:08pm

Markets

Pakistan: where formal channels suffer, and 'grey' markets prosper

Pakistan’s inability to curb the rise of smuggling and enforce regulation has enabled the ‘grey’ currency market to...

Updated 14 Dec, 2022 07:57pm

ECs can sell 20pc inward remittances to customers: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies to sell 20 percent of their inward workers’...

Updated 04 Nov, 2022 09:42am

Markets

Open market sees massive shortage of USD

KARACHI: Consumers were left running from pillar to post as the open market ran massively short of US dollars on...

Updated 25 Oct, 2022 11:11am

Business & Finance

Remittance disbursement: SBP allows ECs to become sub-agents of ADs

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies (ECs) to become sub-agent of banks...

Updated 19 Aug, 2022 09:43am

SBP allows ECs to export dollar on consignment basis

ECs will bring the export proceeds in their USD account maintained with banks in Pakistan within three days

Updated 17 Aug, 2022 10:13am

Markets

FBR chief has pledged to withdraw notices against exchange companies: Malik Bostan

ECAP chairman says imposition of 16% FED will encourage public towards 'black market'

Updated 22 Jan, 2022 05:26pm

Import purposes: ECs ask SBP to restrict banks from $ forward booking

KARACHI: Exchange Companies have asked the State Bank of Pakistan (SBP) to restrict banks from forward booking of...

Updated 04 Jan, 2022 09:57am

Customers’ BVS: SBP asks ECs to get integrated with Nadra by June 30th

KARACHI: The State Bank of Pakistan (SBP) has advised all Exchange Companies to ensure the integration of their...

Updated 05 Nov, 2021 09:52am

Business & Finance

ECAP hails SBP steps to curb 'undesirable' dollar outflows

KARACHI: Zafar Paracha, General Secretary, Exchange Companies Association of Pakistan has welcomed the State Bank of...

Published 09 Oct, 2021 04:10am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 2 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 2 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 2 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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