Trends - ECAP - Business Recorder

ECAP

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 04 Jan, 2024 05:58am

Markets

Open-market: rupee continues uptrend against US dollar

The Pakistani rupee extended gains against the US dollar in the open market on Thursday, while the local currency...

Published 28 Dec, 2023 09:34pm

Six major currencies: ECs implement new exchange rate mechanism

KARACHI: Following the directives of the State Bank of Pakistan (SBP), Exchange Companies Association of Pakistan...

Updated 28 Dec, 2023 09:40am

Markets

Open-market: rupee drifts higher against US dollar

The Pakistani rupee registered slight gain against the US dollar in the open market on Wednesday, while the local...

Updated 27 Dec, 2023 10:44pm

Markets

Open-market: rupee registers minor gain against US dollar

The Pakistani rupee registered slight improvement against the US dollar in the open market on Tuesday, while the...

Updated 26 Dec, 2023 10:13pm

Open market exchange rate calculation: Mechanism finds favour with ECAP

Exchange Companies Association of Pakistan appreciates State Bank of Pakistan’s efforts for stability of exchange rate

Updated 26 Dec, 2023 10:02am

Business & Finance

Govt urged to create investment opportunities

KARACHI: Experts have urged the government to create appealing investment opportunities to incentivize legal inflows...

Published 26 Dec, 2023 04:30am

Open market: SBP unveils new exchange rate mechanism

KARACHI: In order to ensure transparency and credibility to the process of compiling open market exchange rate, the...

Updated 23 Dec, 2023 02:50pm

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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