In addition to these traditional policy tools, we may also see some innovative approaches being implemented in the coming year. For example, some central banks may consider implementing negative interest rates or exploring the use of digital currencies as a means of further stimulating economic activity and improving the efficiency of monetary transactions.In recent news, a disturbing incident has come to light where elderly individuals who signed up for a budget 9.9 yuan day trip found themselves in a precarious and potentially dangerous situation. The group of seniors had initially been promised a guided tour with a morning lecture included for the low price of 9.9 yuan. However, what transpired throughout the day painted a starkly different picture, revealing the dangers of falling prey to low-price traps and scams.
Columbia, a perennial football loser, wins Ivy League title for first time since 1961Pakistan Stock Exchange (PSX) has maintained its strong performance for the second consecutive year, posting an impressive growth of around 80%. In 2024, the benchmark KSE-100 index surged by almost 80% as on December 28, the market closed at 111,351 points. It indicated an impressive rise over the same period of the previous year, when the market closed at 62,052. This growth trajectory was further evident while looking back at December 30, 2022, when the market stood at 40,420 points, reflecting a 46% increase by the close of 2023. JS Global Deputy Research Head Waqas Ghani Kukaswadia said the KSE-100 index reached an all-time high of 117k in intra-day trading during CY24, a remarkable achievement despite significant foreign portfolio investors' selling driven by rebalancing activities. In terms of fiscal year 2023-24, the KSE-100 surged by 89.24% to 78,445 points on June 30, 2024 compared to 41,453 points in the previous year. "This remarkable growth restored market capitalisation to Rs10.37 trillion, which shows a rebound to peak levels last seen in 2017," the PSX wrote in the annual report for 2024 "Ode to Service". The KSE-100 posted an impressive gain of 70% in CY24, its highest return since 2002 and becoming the second best-performing global market after Argentina, according to the Pakistan Strategy 2025 released by AKD. The index is forecast to reach 165,215 points by December 2025, reflecting a potential upside of 55.5%. This performance highlights the growing appeal of the PSX among global investors. Increased activity Starting at lower levels at the beginning of 2024, the KSE-100 index experienced steady growth, with significant momentum building from April onwards. The second half of the year witnessed a sharp rally, when the index reached the high of 117,039.18 before slightly stabilising. By December 27, 2024, the KSE-100 closed at 111,351.17, near its peak levels. The 52-week range for the year was between 58,758.48 and 117,039.18, reflecting substantial recovery and growth. On December 28, the market recorded a trading volume of 816 million shares. Trading activity reached unprecedented levels in 2024. The traded volume soared to 151.4 billion shares, almost double from 2023, while the daily traded value averaged Rs22.1 billion, demonstrating heightened investor participation and confidence, according to the PSX report. Macroeconomic reforms played a pivotal role in supporting the market's strong performance. Interest rates are projected to decline to single digits in CY25, driven by structural adjustments under the IMF's Extended Fund Facility. Inflation, which peaked at 38% in May 2023, has since been anchored to single digits, significantly boosting investor confidence, according to AKD. New listings The year saw the listing of 11 new companies, including prominent entities like the Symmetry Group and TPL REIT Fund-I. These equity listings collectively raised Rs103.3 billion, which showed growing corporate interest in tapping the PSX potential. PSX played a pivotal role in facilitating the issuance of 22 government of Pakistan's Ijarah Sukuk instruments that raised Rs687.81 billion. Additionally, the introduction of a one-year Discounted Ijarah Sukuk provided innovative opportunities for Shariah-compliant investments, further diversifying market offerings, according to the PSX. Two new exchange-traded funds (ETFs), including the Mahaana Islamic Index ETF, were launched in 2024. These ETFs focused on Shariah-compliant and sector-specific investments, expanding the options for investors and promoting inclusivity in financial instruments, according to AKD. Sector-specific highlights Several sectors emerged as top performers in 2024, including banks, fertiliser, energy, and technology. These sectors benefitted from a stable currency, monetary easing, and reform-driven growth. In the medium term, textile exports are expected to lead the market, while technology remains poised for long-term double-digit expansion, reflecting the evolving dynamics of Pakistan's economy, AKD said. Foreign investors have shown increased interest in Pakistani equities, spurred by the country's improved weight in the MSCI Frontier Markets Index (6.4%). Furthermore, the anticipated reclassification of Pakistani equities into the MSCI Emerging Markets Index has created additional momentum, with seven stocks meeting the reclassification criteria, it added. PSX introduced a sophisticated primary market auction system for government debt securities. The implementation of the One-Share Lot System further enhanced liquidity and aligned the exchange with international standards. The exchange prioritised digital expansion by launching tools like the My Portfolio web app and the PSX WhatsApp Service, which provided real-time market updates and investor education. These innovations made market participation more accessible and user-friendly. Economic outlook Pakistan's economic growth remained modest in FY24, with GDP expanding by 2.5%. However, projections indicate an uptick to 2.7-3.2% in FY25 and 4.3% in FY26, driven by industrial and services sector recovery. The current account is expected to maintain a surplus for the next two years, supported by strong remittance inflows and moderate import growth, according to AKD. Waqas Ghani Kukaswadia of JS Global said the State Bank continues monetary easing, reducing the policy rate by a further 200 basis points (bps) earlier this month to 13%, driven by a faster-than-expected decline in inflation. The Consumer Price Index for November 2024 stood at 4.9%. The State Bank has cut interest rate by 900 bps since the easing cycle began in July 2024. Real interest rates now stand at 9%. He forecast FY25 inflation at 6.5%, with a potential sixth interest rate cut, though smaller. He emphasised the importance of foreign capital, political stability, and IMF alignment for Pakistan's macroeconomic stability and investment prospects. Fiscal reforms resulted in a reduction in fiscal deficit to 5% of GDP in FY24, with further improvements anticipated, according to AKD. The government has implemented structural adjustments in taxation, energy tariffs, and investment frameworks to strengthen economic resilience and promote sustainable growth. Ahsan Mehanti, MD of Arif Habib Commodities, noted the PSX's strong performance despite low foreign direct investment and foreign outflows, driven by low inflation and SBP policy easing. He highlighted IMF disbursements and SBP oversight in stabilising the rupee. Looking ahead, falling lending rates, positive earnings forecasts, and regulatory changes in sectors like banking, pharma, and auto lending are expected to push the PSX to new records in 2025. The Special Investment Facilitation Council (SIFC) has emerged as a key driver of foreign direct investment, targeting annual inflows of $5 billion. Meanwhile, CPEC Phase 2.0 focuses on industrial, agricultural, and trade development, with significant emphasis on infrastructure and renewable energy projects, providing a transformative impact on Pakistan's economic landscape. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
In the world of football, big-money transfers have always been a hot topic of discussion. When it comes to record-breaking transfers, few can forget the time when Barcelona splashed a staggering 140 million euros on Philippe Coutinho in 2018. Fast forward to the present day, and we see a similar buzz surrounding the talented young striker, Kylian Mbappe. Despite the difference in years and positions, there are striking parallels between Mbappe's current situation and Barcelona's historic acquisition of Coutinho.
Up front, the lethal strike partnership of Robin van Persie and Wayne Rooney terrorized opposition defenses with their clinical finishing and creative play. Both players have since retired, with van Persie transitioning into a punditry role and Rooney continuing his journey in management as the current manager of Derby County. Javier Hernandez, another key figure in the attacking department, has also called time on his career after a successful stint in Major League Soccer.In terms of performance, the YU7 is expected to set a new benchmark for SUVs in its class. Powered by an efficient and eco-friendly electric drivetrain, the YU7 promises to deliver a smooth and responsive driving experience that is both exhilarating and sustainable. With advanced battery technology and fast-charging capabilities, the YU7 ensures that drivers can enjoy long journeys without worrying about range anxiety.
Rokmaster Resources Corp. ( CVE:RKR – Get Free Report )’s share price dropped 25% on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 396,000 shares changed hands during mid-day trading, an increase of 182% from the average daily volume of 140,187 shares. The stock had previously closed at C$0.02. Rokmaster Resources Price Performance The company has a market cap of C$2.45 million, a P/E ratio of -0.30 and a beta of 2.99. The company’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The company has a debt-to-equity ratio of 103.54, a current ratio of 0.02 and a quick ratio of 0.60. About Rokmaster Resources ( Get Free Report ) Rokmaster Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North, Central, and South America. It explores for zinc, lead, silver, copper, gold, and polymetallic deposits, as well as precious metals. The company holds a 100% in the Duncan Lake property comprising 35 contiguous mineral claims that covers an area of 3,929 hectares; and a 55% interest in the Big Copper property located in the Slocan Mining Division in southeast British Columbia, Canada. Recommended Stories Receive News & Ratings for Rokmaster Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rokmaster Resources and related companies with MarketBeat.com's FREE daily email newsletter .The specific targeting of customers from 77 overseas banks underscores the global scope and strategic nature of DroidBot's operations. By focusing on financial institutions with a widespread customer base, the Trojan aims to maximize its impact and increase the potential gains from illicit activities such as fraudulent transactions, identity theft, and unauthorized access to banking services.
The link between hypertension and stroke is a particularly concerning issue. Studies have shown that high blood pressure can damage the arteries over time, increasing the risk of blood clots or weakened blood vessels that can lead to strokes. In fact, more than half of all stroke cases are attributed to hypertension, making it a leading risk factor for this life-threatening condition. This underscores the importance of controlling blood pressure levels through medication, lifestyle modifications, and other interventions to mitigate the risk of stroke and other cardiovascular events.The actions taken by the PLA near Taiwan have been met with strong condemnation from the Taiwanese government, which has vowed to defend its sovereignty and territorial integrity. Taiwan has called on the international community to support its efforts to resist Chinese aggression and maintain stability in the region.
In the latest world ranking updates of the International Table Tennis Federation (ITTF), Chinese paddlers Wang Chuqin and Sun Yingsha have once again maintained their dominance at the top, solidifying their positions as the number one players in the singles category. On the other hand, Lin Shidong and Wang Manyu have secured the second spot in the world rankings, showcasing the formidable strength of the Chinese national table tennis team.
Stepping out of one's comfort zone is never easy, especially for a player as young and talented as Mbappé. At PSG, he is surrounded by a star-studded cast of players who often overshadow his individual brilliance. The pressure to perform at a consistently high level, especially in high-stakes matches, can be overwhelming for any player, let alone one who is still in the early stages of his career.CARSON, Calif. — The LA Galaxy and the New York Red Bulls have been Major League Soccer mainstays since the league's inaugural season in 1996, signing glamorous players and regularly competing for championships through years of success and setbacks in a league that's perpetually improving and expanding. Yet just a year ago, both of these clubs appeared to be a very long way from the stage they'll share Saturday in the MLS Cup Final. The Galaxy were one of MLS' worst teams after a season of internal turmoil and public fan dissent, while the Red Bulls were merely a steady mediocrity seeking yet another coach to chart a new direction. A year later, these MLS founders are meeting in the league's first Cup final between teams from North America's two biggest markets. "Two original clubs being able to put themselves in this situation, I think it's great," Galaxy coach Greg Vanney said. "To see two clubs that have been at it as long as this league has been around be here, I think it's a special moment. Couldn't be two more different and contrasting styles as well, which could make for an interesting game, and I would imagine a high-intensity game." Everything changed in 2024 after a dismal decade for the Galaxy, who are favored to cap their transformation by winning their team's record sixth MLS championship with a roster that's dramatically different from its past few groups — albeit with one massive injury absence in the final. The transformation of the Red Bulls happened only in the postseason, when a team that hadn't won a playoff game since 2017 suddenly turned into world-beaters under rookie coach Sandro Schwarz. New York struggled through the final three months of league play with only two wins before posting road playoff victories over defending champ Columbus, archrival New York City FC and conference finalist Orlando to storm into the Cup final. "We know about the history (of our club), and we know tomorrow will define what that could mean," Schwarz said Friday. "To feel the pressure for tomorrow, it's necessary, because it's a final, and without pressure it's not possible to bring the best quality on the field." The Red Bulls have never won an MLS Cup, only reaching the championship match once before. What's more, they've somehow never won a Cup in any tournament, although they've collected three Supporters' Shields for MLS' best regular-season record. The Galaxy's trophy case is large and loaded, and those five MLS Cups are on the top shelf. But not much of that team success happened in the past decade for the club that famously brought David Beckham, Zlatan Ibrahimovic, Robbie Keane, Steven Gerrard and many other international stars to Hollywood. In fact, this season has ended a grim era for the Galaxy, who haven't lost all year at their frequently renamed home stadium — which was the site of protests and boycotts just a year ago. The club's fans were tired of LA's steady underachievement and ineptitude in the front office run by team president Chris Klein, who was fired in May 2023. One year ago Thursday, the Galaxy hired Will Kuntz, a longtime Los Angeles FC executive who engineered his new club's roster transformation, most dramatically by landing new designated players Gabriel Pec and Joseph Paintsil — two international talents that LAFC also had in its sights. "I give Will and the group up there a ton of credit," Vanney said. "It's one thing to have players you like, and it's a whole other thing to get them here and get them to connect with your group." Pec and Paintsil combined for 32 goals and 27 assists while boosting the incumbent talents of striker Dejan Joveljic and Riqui Puig, the gifted Barcelona product who runs the offense from the midfield. The Galaxy clicked in the postseason, scoring a jaw-dropping 16 goals in four matches. Puig has been the Galaxy's most important player all season, but he won't be in the MLS Cup Final after tearing a knee ligament late in last week's conference final victory over Seattle. The loss of Puig — who somehow kept playing on his injured knee, and even delivered the game-winning pass to Joveljic — makes the Galaxy even more difficult to anticipate. "He played a lot in the regular season, so it was not so easy to analyze all these games now without him," Schwarz said. "But the main focus is to analyze what we need to do, because it's not clear now how they're playing without him." The Galaxy could give some of Puig's responsibilities to Marco Reus, the longtime Dortmund standout who joined LA in August. Reus is nursing a hamstring injury, but Vanney expects him to play. Be the first to know Get local news delivered to your inbox!
