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اردو

Jul 21, 2026 اردو

Print Edition BR Markets Dollar to PKR

Intl Oil Prices Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices

Technology

Musk says recession could last until 2024

Published October 21, 2022 Updated October 21, 2022 11:03am

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By Reuters

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Tesla Chief Executive Elon Musk said on Friday he thinks a recession will last until spring of 2024 after earlier raising concerns on demand in China and Europe.

“Just guessing, but probably until spring of ’24,” Musk said on Twitter when a user asked him how long the recession would last.

Elon Musk says Starlink network in Ukraine has not received US funding

Shares of Tesla slid on Thursday, a day after Musk said it was a “little harder” for the electric-vehicle maker to garner demand in the face of a weakening global economy.

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BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 20	162.52
USD to Swiss Franc / Jul 20	0.81
Pound Sterling to USD / Jul 20	1.34
Euro to USD / Jul 20	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
India Sensex / Jul 20	77,708.52
Nasdaq / Jul 20	25,508.07
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86

Item	Value
Crude Oil USD/Barrel / Jul 20	83.17
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Gold Spot USD/Ounce / Jul 20	4,017.31
Cotton US¢/pound / Jul 20	78.92
Petrol/Litre / Jul 21	316.15
Diesel/Litre / Jul 21	354.35

Gainers
Losers
Leaders

Stock	Price
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)
Dadabhoy Cement / Jul 21 Dadabhoy Cement Industries Limited(DBCI)	20.58 ▲ 1.87 (9.99%)
J.K.Spinning / Jul 21 J.K. Spinning Mills Limited(JKSM)	212 ▲ 18.75 (9.7%)

Stock	Price
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	96.60 ▼ -9.19 (-8.69%)
Imperial Limited / Jul 21 Imperial Limited(IML)	22.02 ▼ -1.99 (-8.29%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	51.40 ▼ -4.64 (-8.28%)
Premier Sugar / Jul 21 The Premier Sugar Mills(PMRS)	490.06 ▼ -39.76 (-7.5%)
PICIC Ins.Ltd. / Jul 21 PICIC Insurance Limited(PIL)	5.21 ▼ -0.39 (-6.96%)
Khalid Siraj / Jul 21 Khalid Siraj Textile Mills Limited(KSTM)	11.65 ▼ -0.85 (-6.8%)
Fateh Ind. / Jul 21 Fateh Industries Limited(FIL)	360 ▼ -23.17 (-6.05%)
Chenab Ltd (Pref) / Jul 21 Chenab Limited (Pref)(CLCPS)	3.71 ▼ -0.14 (-3.64%)
Dewan Textile / Jul 21 Dewan Textile Mills Limited(DWTM)	9.31 ▼ -0.34 (-3.52%)
Next Capital / Jul 21 Next Capital Limited(NEXT)	14.25 ▼ -0.47 (-3.19%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	42,739,742 ▲ 0.35
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	12,211,895 ▲ 0.06
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	9,799,020 ▲ 3.75
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	6,851,788 ▲ 0.33
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	3,540,385 ▲ 0.84
United Insurance / Jul 21 The United Insurance Company(UNIC)	2,144,474 ▼ -0.43
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	2,115,788 ▲ 0.64
Lotte Chemical / Jul 21 Lotte Chemical Pakistan Limited(LOTCHEM)	2,113,242 ▲ 0.42
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	1,883,495 ▲ 0.01
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	1,815,380 ▲ 0.01