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The European Central Bank (ECB) will deliver its initial 25 basis points interest rate cut in April next year, followed by consecutive cuts until January 2025, Barclays economists said in a note.
ECB set to hold rates as inflation drifts downwards
ECB on Thursday pushed back bets of imminent interest rate cuts by reaffirming that borrowing costs would remain at record highs, despite lower inflation expectations.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jul 17
|
278.16
|
|
USD PKR Interbank Buying
/ Jul 17
|
277.96
|
|
USD to Japanese Yen
/ Jul 17
|
162.40
|
|
USD to Swiss Franc
/ Jul 17
|
0.81
|
|
Pound Sterling to USD
/ Jul 17
|
1.35
|
|
Euro to USD
/ Jul 17
|
1.14
|
|
SOFR %
/ Jul 17
|
3.60
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jul 17
|
7,457.69
|
|
India Sensex
/ Jul 17
|
78,151.45
|
|
Tokyo Nikkei
/ Jul 17
|
64,141.12
|
|
Nasdaq
/ Jul 17
|
25,520.24
|
|
Hang Seng
/ Jul 17
|
24,562.24
|
|
FTSE 100
/ Jul 17
|
10,600.37
|
|
Dow Jones
/ Jul 17
|
52,146.42
|
|
Germany DAX 30
/ Jul 17
|
24,830.98
|
|
France CAC40
/ Jul 17
|
8,338.81
|
| Item | Value |
|---|---|
|
Crude Oil USD/Barrel
/ Jul 17
|
82.49
|
|
Karachi Cotton PKR/37.32 KG
/ Jul 17
|
18,780
|
|
Gold 10 Grams PKR
/ Jul 17
|
361,656
|
|
Gold Spot USD/Ounce
/ Jul 17
|
4,017.39
|
|
Cotton US¢/pound
/ Jul 17
|
78.63
|
|
Petrol/Litre
/ Jul 19
|
316.15
|
|
Diesel/Litre
/ Jul 19
|
354.35
|
| Stock | Price |
|---|---|
|
Dadabhoy Cement
/ Jul 17
Dadabhoy Cement Industries Limited(DBCI)
|
17.01
▲ 1.55
(10.03%)
|
|
Ruby Textile
/ Jul 17
Ruby Textile Mills Limited(RUBY)
|
17.59
▲ 1.6
(10.01%)
|
|
Crescent Cotton
/ Jul 17
Crescent Cotton Mills Limited(CCM)
|
53.68
▲ 4.88
(10%)
|
|
National Silk
/ Jul 17
The National Silk & Rayon Mills Limited(NSRM)
|
272.21
▲ 24.75
(10%)
|
|
Suhail Jute
/ Jul 17
Suhail Jute Mills Limited(SUHJ)
|
223.96
▲ 20.36
(10%)
|
|
Baba Farid Sugar
/ Jul 17
Baba Farid Sugar Mills Limited(BAFS)
|
418.56
▲ 38.05
(10%)
|
|
Shadman Cotton
/ Jul 17
Shadman Cotton Mills Limited(SHCM)
|
50.61
▲ 4.6
(10%)
|
|
Asia Ins.
/ Jul 17
Asia Insurance Company Limited(ASIC)
|
34.45
▲ 3.13
(9.99%)
|
|
Olympia Mills
/ Jul 17
Olympia Mills Limited(OML)
|
107.58
▲ 9.65
(9.85%)
|
|
TPL Trakker Ltd
/ Jul 17
TPL Trakker Limited(TPLT)
|
27.91
▲ 2.5
(9.84%)
|
| Stock | Price |
|---|---|
|
Tariq Corp. (R)
/ Jul 17
Tariq Corporation Limited(Right)(TCORPR2)
|
2.70
▼ -0.89
(-24.79%)
|
|
First Punjab Modaraba
/ Jul 17
First Punjab Modaraba(FPJM)
|
11.04
▼ -1.23
(-10.02%)
|
|
Khairpur Sug.
/ Jul 17
Khairpur Sugar Mills Limited(KPUS)
|
1,871.47
▼ -207.94
(-10%)
|
|
Service Textile
/ Jul 17
Service Industries Textiles Limited(SERT)
|
62.27
▼ -6.92
(-10%)
|
|
S.G.Power
/ Jul 17
S.G. Power Limited(SGPL)
|
97.59
▼ -10.84
(-10%)
|
|
Mughal Iron & Steel(C)
/ Jul 17
Mughal Iron & Steel Industries Ltd (C)(MUGHALC)
|
63
▼ -6.99
(-9.99%)
|
|
Fateh Sports
/ Jul 17
Fateh Sports Wear Limited(FSWL)
|
150.29
▼ -16.65
(-9.97%)
|
|
Paramount Spinning
/ Jul 17
Paramount Spinning Mills Limited(PASM)
|
10.91
▼ -1.1
(-9.16%)
|
|
Power Cem(Pref)
/ Jul 17
Power Cement (Pref)(POWERPS)
|
23.62
▼ -2.36
(-9.08%)
|
|
Supernet Tech.
/ Jul 17
Supernet Technologies Limited(STL)
|
41.34
▼ -3.72
(-8.26%)
|
| Stock | Volume |
|---|---|
|
Cnergyico PK
/ Jul 17
Cnergyico PK Limited(CNERGY)
|
86,491,992
▲ 0.19
|
|
TPL Properties
/ Jul 17
TPL Properties Limited(TPLP)
|
62,545,194
▼ -0.67
|
|
Pak Refinery
/ Jul 17
Pakistan Refinery Limited(PRL)
|
38,580,070
▲ 2.94
|
|
WorldCall Telecom
/ Jul 17
Worldcall Telecom Limited(WTL)
|
23,499,606
▼ -0.04
|
|
K-Electric Ltd.
/ Jul 17
K-Electric Limited(KEL)
|
18,396,866
▼ -0.24
|
|
Lotte Chemical
/ Jul 17
Lotte Chemical Pakistan Limited(LOTCHEM)
|
17,830,259
▼ -1.32
|
|
Hascol Petrol
/ Jul 17
Hascol Petroleum Limited(HASCOL)
|
14,534,208
▼ -0.33
|
|
B.O.Punjab
/ Jul 17
The Bank of Punjab(BOP)
|
12,503,494
▼ -0.51
|
|
TPL REIT Fund I
/ Jul 17
TPL REIT Fund I(TPLRF1)
|
11,458,248
▼ -0.29
|
|
PIA Holding Co.Ltd
/ Jul 17
PIA Holding Company Limited(PIAHCLA)
|
10,427,355
▲ 0.51
|
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