Trends - ECs - Business Recorder

ECs

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a...

Updated 30 Oct, 2023 05:11pm

Markets

Bank of Punjab considers wholly-owned Exchange Company

The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange...

Published 30 Oct, 2023 11:46am

Business & Finance

Askari Bank latest to establish wholly-owned Exchange Company

Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company...

Updated 27 Oct, 2023 10:57pm

Business & Finance

Bank Alfalah to establish wholly-owned EC

Becomes sixth commercial bank to make such announcement to date

Updated 03 Oct, 2023 10:44pm

Markets

PKR improves further

KARACHI: The rupee improved another 1.4% to settle at 287.74 against the US dollar in the inter-bank market during...

Published 02 Oct, 2023 06:33am

Markets

KSE-100 sees 12% increase in 3Q2023 amid positive sentiment

Pakistan’s benchmark KSE-100 Index witnessed double-digit growth of 12% in 3Q2023, as sentiments improved on back of...

Updated 30 Sep, 2023 04:45pm

Markets

Bank AL Habib says will establish wholly-owned Exchange Company

Becomes fourth bank in recent weeks to make this announcement

Updated 22 Sep, 2023 10:40pm

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

Business & Finance

MCB Bank joins UBL and Meezan, says it will establish wholly-owned Exchange Company

The Board of Directors (BoD) of MCB Bank Limited, one of the largest commercial banks in the country, announced it...

Updated 18 Sep, 2023 07:49pm

Pakistan

EC reforms, action against smuggling ‘not contradicting’ IMF conditions: Dr Shamshad

Caretaker finance minister says exchange rate not being manipulated

Updated 15 Sep, 2023 07:05pm

Markets

Open market: rupee’s rally continues against USD

The Pakistani rupee maintained its positive run against the US dollar in the open market on Friday as gap with the...

Updated 08 Sep, 2023 07:19pm

Markets

Inter-bank market: rupee’s merry run continues against US dollar

Currency appreciates 0.66% to settle at 302.95 in inter-bank market

Updated 08 Sep, 2023 07:18pm

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

Markets

Open market: Pakistani rupee maintains upward trajectory against US dollar

The Pakistani rupee maintained its upward trajectory against the US dollar in the open market on Thursday as gap...

Updated 07 Sep, 2023 07:56pm

Markets

Inter-bank market: rupee gains further, settles at 304.94 against US dollar

Currency appreciates 0.67% in inter-bank market

Updated 07 Sep, 2023 06:32pm

Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms

KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on...

Updated 07 Sep, 2023 09:17am

Markets

SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies

Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector

Updated 06 Sep, 2023 11:41pm

Six incentive schemes of SBP: ECC approves proposal of changes in contours

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the State Bank of Pakistan (SBP)’s...

Updated 08 Aug, 2023 08:43am

Purchase of USD for card payments facility extended by 5 months

KARACHI: The State Bank of Pakistan (SBP) has decided to extend settlement of card-based cross-border transactions...

Updated 01 Aug, 2023 09:39am

Markets

Back-to-back gains: rupee settles at 286.45 against US dollar

Currency appreciates 0.21% in inter-bank market

Updated 27 Jul, 2023 08:56pm

Business & Finance

Interbank, open market: Import of cash USD to help narrow rate differences: expert

KARACHI: The permission of import of cash US dollars by Exchange Companies (ECs) will increase the dollar inflows...

Updated 27 Jul, 2023 09:23am

Markets

Rupee ends 8-session losing streak, settles at 287.04 against US dollar

Currency appreciates 0.52% in inter-bank market

Updated 26 Jul, 2023 09:27pm

ECs can import dollars in cash through cargo or security companies

KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars...

Updated 26 Jul, 2023 04:21pm

Vegetable ghee/cooking oil: ECC allows export from EPZs, MBs, EOUs to Afghanistan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly allowed export of vegetable...

Updated 26 Jul, 2023 01:18pm

Business & Finance

SBP revokes licences of 2 errant ECs

KARACHI: The State Bank of Pakistan (SBP) Thursday revoked the licenses of two exchange companies for non-compliance...

Published 31 Mar, 2023 06:45am

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

SBP suspends authorisation of 11 outlets of 8 ECs

Business & Finance

Markets

SBP suspends authorisation of 2 currency exchange companies over 'serious violations'

Central bank advises both firms to strengthen internal control functions, submit report of corrective measures

Published 18 Nov, 2022 05:05pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 7 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 7 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 7 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 7 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 7 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 7 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 7 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 7 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 7 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 7 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 7 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 7 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 7 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 7 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 7 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 7 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 7 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 7 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 7 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 7 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 7 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 7 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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