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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World PAKISTAN - Market factors to watch - May 21 Reuters - Friday, May 21 Send IM Story Print KARACHI, May 21 - Following is a list of events in Pakistan as well as news stories and press reports which may influence financial markets. (Reuters News welcomes your feedback and for any queries please contact Chris Allbritton in Islamabad editorial on +92-51 281 0017 or via email at chris.allbritton@thomsonreuters.com or on Reuters messaging chris.allbritton.reuters.com@reuters.net) WHAT IS HAPPENING IN PAKISTAN, ALL TIMES LOCAL FOLLOWED BY GMT: (The inclusion of diary items does not necessarily mean that Reuters will cover the event) * SBP to announce on May 24 its monetary policy for the subsequent two months. MARKET SNAPSHOTS * Pakistani stocks hit a near two-month low on Thursday as political violence in the country's commercial hub of Karachi and pressure from regional markets drove down prices, dealers said. The Karachi Stock Exchange's benchmark 100-share index <.KSE> fell 0.56 percent, or 56.64 points, to end at 9,993.40 points. The KSE-index ended at 9,963.35 points on March 22. Turnover fell to 66.31 million shares, compared with 118.28 million shares traded the previous day. [.KA] * The rupee <PKR=> was flat, closing at 84.40/47 to the dollar, compared with Wednesday's close of 84.40/45 to the dollar. * The net outflow of foreign portfolio investment in the stock market was $61,278 on Thursday. [http://www.nccpl.com.pk/fipi-new/index.php] * U.S. stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardising the global economic recovery. The Dow Jones industrial average <.DJI> dropped 376.36 points, or 3.60 percent, to end at 10,068.01. The Standard & Poor's 500 Index <.SPX> slid 43.46 points, or 3.90 percent, to 1,071.59. The Nasdaq Composite Index <.IXIC> lost 94.36 points, or 4.11 percent, to 2,204.01. [.N] * U.S. oil prices dropped to near $70 on Friday, after falling the previous day for a seventh time in eight sessions, on unabated fears that Europe's debt crisis could hurt global economic growth and slow energy demand. U.S. crude <CLc1> for July delivery fell 65 cents to $70.15 a barrel by 0303 GMT. On Thursday, trade for the June contract saw the largest intraday move of around $7 since the end of 2008, tumbling nearly 3 percent on its expiration. London Brent crude <LCOc1> slid 74 cents to $71.10 a barrel. [O/R] * Spot gold fell more than 1 percent to two-week lows as investors sold to cover losses in other markets, especially as stocks dipped, while platinum group metals fell on worries euro zone debt crisis will sap industrial demand. Spot gold fell more than 1 percent to two-week lows as investors sold to cover losses in other markets, especially as stocks dipped, while platinum group metals fell on worries euro zone debt crisis will sap industrial demand. [GOL/] * For global market news, click on [MKTS/GLOB] * To see announcements on Pakistan central bank's regular open market operations, please click on <SBPK09>. FOR A SPEED GUIDE ON PAKISTAN, CLICK ON <PAKISTAN> FOR A DIARY OF EVENTS IN PAKISTAN, SEE [PK/DIARY] FOR PAKISTAN ECONOMIC INDICATORS, CLICK ON [ECI/PK] FOR KARACHI INTERBANK RATES, SEE <KIBR> <KIBR01> FOR PAKISTAN OPEN MARKET CURRENCY RATES, CLICK ON [PKR/] FOR PAKISTAN COTTON RATES, SEE [COT/KAR] FOR PAKISTAN PORT ACTIVITY, CLICK ON [SHP/PK1][SHP/PK2] FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO] FOR AN OUTLOOK OF ASIAN STOCK TRADING, CLICK ON [STXNEWS/AS] TOP NEWS ON ASIAN COMPANIES [TOP/EQA] FOR INTERNATIONAL FOREX NEWS, HIT [FXNEWS] FOR WHAT INVESTORS ARE SAYING ABOUT GLOBAL DEALS [DEALTALK/] GLOBAL STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS REUTERS PAKISTAN (Click on [PK-RTRS] * After Facebook, Pakistan shuts down YouTube [ID:nSGE64J0GJ] * Pentagon: Pakistan to decide N. Waziristan timing [ID:nN20165874] * FEATURE-Pakistan army pays heavy price in Taliban war [ID:nSGE64J03Q] * PREVIEW-Pakistani c.bank seen keeping rates steady [ID:nSGE64I09R] * Pakistan's Faysal wins bid for RBS Pakistan-source [ID:nLDE64J175] * Pakistani stocks end lower; rupee, o/n rates flat [ID:nSGE64J0HV] * Pakistan's forex reserves fall to $15.05 bln [ID:nSGE64J0I7] * Cricket-ICC corruption unit investigates Pakistan [ID:nLDE64J1UR] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan) Recommend Send IM Story Print Related Articles Another Foxconn worker dies in China; 8th in 2010 AP - 11 minutes ago PM: new tax plan doesn't devalue Australian dollar AP - 21 minutes ago Fire extinguished at Australia refinery Reuters - 32 minutes ago US presses Beijing on clean-energy market access AP - 36 minutes ago European shares slip on debt crisis, regulation Reuters - 36 minutes ago News Search Top Stories US Senate passes historic Wall Street overhaul BA suffers record annual loss Europe finance heads mull tighter fiscal monitoring US team creates first 'synthetic life' France's Sarkozy denies rift with Germany over debt crisis More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Blood diamond prosecutors seek to subpoena Naomi Campbell Dow index suffers biggest drop in more than a year Judge issues arrest warrant for Lindsay Lohan Lindsay Lohan misses LA court hearing after Cannes theft US team creates first 'synthetic life' More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN More Most Recommended » Elsewhere on Yahoo! 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