NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the US central bank not to have done so already.
Musk’s comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Dec 31
|
278.65
|
|
USD PKR Interbank Buying
/ Dec 31
|
278.45
|
|
USD to Japanese Yen
/ Dec 31
|
156.20
|
|
USD to Swiss Franc
/ Dec 31
|
0.90
|
|
Pound Sterling to USD
/ Dec 31
|
1.26
|
|
Euro to USD
/ Dec 31
|
1.04
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Dec 30
|
5,906.94
|
|
Tokyo Nikkei
/ Dec 30
|
39,894.54
|
|
Nasdaq
/ Dec 30
|
19,486.79
|
|
Dow Jones
/ Dec 30
|
42,573.73
|
|
Germany DAX 30
/ Dec 30
|
19,909.14
|
|
France CAC40
/ Dec 30
|
7,313.56
|
|
India Sensex
/ Dec 31
|
78,017.14
|
|
Hang Seng
/ Dec 31
|
20,059.95
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Dec 30
|
17,785
|
|
Gold 10 Grams PKR
/ Dec 30
|
241,430.80
|
|
Petrol/Litre
/ Dec 31
|
252.10
|
|
Crude Oil USD/Barrel
/ Dec 31
|
71.59
|
|
Gold Spot USD/Ounce
/ Dec 31
|
2,605.88
|
|
Diesel/Litre
/ Dec 31
|
255.38
|
| Stock | Price |
|---|---|
|
Hira Textile
/ Dec 31
Hira Textile Mills Limited(HIRAT)
|
3.83
▲ 0.53
(16.06%)
|
|
Tariq Corp.Pref.
/ Dec 31
Tariq Corporation Limited-Preference Shares(TCORPCPS)
|
7.88
▲ 0.88
(12.57%)
|
|
Pak Int.Bulk
/ Dec 31
Pakistan International Bulk Terminal(PIBTL)
|
9.38
▲ 1.00
(11.93%)
|
|
Sec. Inv. Bank
/ Dec 31
Security Investment Bank Limited(SIBL)
|
9.99
▲ 1.00
(11.12%)
|
|
LSE Financial Serv.
/ Dec 31
LSE Financial Services Limited(LSEFSL)
|
15.70
▲ 1.43
(10.02%)
|
|
Sindh Abadgar
/ Dec 31
Sindh Abadgar's Sugar Mills Limited(SASML)
|
39.33
▲ 3.58
(10.01%)
|
|
Ali Asghar
/ Dec 31
Ali Asghar Textile Mills Limited(AATM)
|
65.45
▲ 5.95
(10.00%)
|
|
Chakwal Spinning
/ Dec 31
Chakwal Spinning Mills Limited(CWSM)
|
64.67
▲ 5.88
(10.00%)
|
|
Dadex Eternit
/ Dec 31
Dadex Eternit Limited(DADX)
|
70.52
▲ 6.41
(10.00%)
|
| Stock | Price |
|---|---|
|
First Capital Equities
/ Dec 31
First Capital Equities Limited(FCEL)
|
5.12
▼ -0.98
(-16.07%)
|
|
Frontier Ceram
/ Dec 31
Frontier Ceramics Limited(FRCL)
|
42.91
▼ -4.77
(-10.00%)
|
|
Fateh Sports
/ Dec 31
Fateh Sports Wear Limited(FSWL)
|
78.50
▼ -8.72
(-10.00%)
|
|
Khairpur Sug.
/ Dec 31
Khairpur Sugar Mills Limited(KPUS)
|
203.81
▼ -22.65
(-10.00%)
|
|
Shahmurad Sugar
/ Dec 31
Shahmurad Sugar Mills Limited(SHSML)
|
425.82
▼ -47.31
(-10.00%)
|
|
Gammon Pak
/ Dec 31
Gammon Pakistan Limited(GAMON)
|
45.59
▼ -5.06
(-9.99%)
|
|
Blue-Ex Ltd
/ Dec 31
Blue-Ex Limited (GEM)(GEMBLUEX)
|
43.36
▼ -4.80
(-9.97%)
|
|
Al-Khair Gadoon
/ Dec 31
Al-Khair Gadoon Limited(AKGL)
|
37.56
▼ -4.15
(-9.95%)
|
|
Nimir Resins
/ Dec 31
Nimir Resins Limited(NRSL)
|
31
▼ -3.18
(-9.30%)
|
| Stock | Volume |
|---|---|
|
Cnergyico PK
/ Dec 31
Cnergyico PK Limited(CNERGY)
|
195,439,583
▲ 0.39
|
|
WorldCall Telecom
/ Dec 31
Worldcall Telecom Limited(WTL)
|
111,551,930
▼ -0.03
|
|
B.O.Punjab
/ Dec 31
The Bank of Punjab(BOP)
|
84,182,656
▲ 0.36
|
|
Fauji Foods Ltd
/ Dec 31
Fauji Foods Limited(FFL)
|
51,867,784
▲ 0.74
|
|
Silk Bank Ltd
/ Dec 31
Silkbank Limited(SILK)
|
48,777,302
▼ -0.04
|
|
K-Electric Ltd.
/ Dec 31
K-Electric Limited(KEL)
|
45,320,218
▲ 0.20
|
|
Pak Refinery
/ Dec 31
Pakistan Refinery Limited(PRL)
|
43,092,435
▲ 4.02
|
|
Pak Elektron
/ Dec 31
Pak Elektron Limited(PAEL)
|
36,348,761
▼ -0.92
|
|
Pace (Pak) Ltd.
/ Dec 31
Pace (Pakistan) Limited(PACE)
|
33,890,906
▲ 0.37
|
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