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PAKISTAN - Market factors to watch - Oct 19
Reuters - Tuesday, October 19
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KARACHI, Oct 19 - 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@thomsonreuters.com)
WHAT IS HAPPENING IN PAKISTAN, ALL TIMES LOCAL FOLLOWED BY GMT:
* State Bank of Pakistan to release monthly current account data on or soon after Tuesday.
* Pakistan Petroleum Ltd <PPL.KA> to announce quarterly financial results on Tuesday.
* SBP to sell 95 billion rupees worth of 3-, 6- and 12-momnth treasury bills on Wednesday.
* Pakistan State Oil <PSO.KA> and Lukcy Cement <LUKC.KA> to announce quarterly financial results on Thursday.
MARKET SNAPSHOTS
* The rupee <PKR=> ended flat at 86.00/07 to the dollar on Monday, compared with Friday's close of 86.02/07 but dealers expect the local unit to come under pressure because of higher import payments.
* The Karachi Stock Exchange's benchmark 100-share index <.KSE> ended 0.50 percent, or 52.55 points, higher at 10,484.39, its highest close since July 30.
Turnover was 103.15 million shares, compared with 112.61 million shares traded on Friday.
* Foreign investors bought shares worth a net $1.21 million on Monday.
* U.S. stocks advanced on Monday as stronger-than-expected profit from Citigroup helped financial shares shake off worries that the foreclosure mess could threaten the stability of the housing market.
The Dow Jones industrial average <.DJI> rose 80.91 points, or 0.73 percent, at 11,143.69. The Standard & Poor's 500 Index <.SPX> gained 8.52 points, or 0.72 percent, at 1,184.71. The Nasdaq Composite Index <.IXIC> added 11.89 points, or 0.48 percent, at 2,480.66. [.N]
* Oil fell on Tuesday, retracing part of the previous session's gain, as investors reversed bets in the face of a stronger dollar and forecasts for rising crude inventories in top consumer the United States.
U.S. crude for November <CLc1> fell 21 cents to $82.87 a barrel by 0256 GMT, after climbing 2.25 percent on Monday, the biggest percentage gain in two weeks, while ICE Brent for December <LCOc1> declined 44 cents to $83.93. [O/R]
* Gold was steady on Tuesday, but gains are likely to be capped by a stabilising dollar, after Treasury Secretary Timothy Geithner said the United States would not engage in dollar devaluation.
Spot gold <XAU=> gained $1.25 to $1,369.7 an ounce by 0023 GMT. U.S. gold futures for December delivery <GCZ0> edged down $1.1 to $1,370.9 an ounce. [GOL/]
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]
> Premier mulls $500m bid for BP's Pakistan assets-paper [ID:nLDE69I004]
> Pakistan party pressures govt on Karachi violence [ID:nnSGE69H0FZ]
> FACTBOX-Security developments in Pakistan, Oct 18 [ID:nSGE69H0EF]
> FACTBOX-Fresh fears of instability in Pakistan's Karachi [ID:nSGE69H0DU]
> Pakistani stocks, o/n rates end up; rupee flat [ID:nSGE69H0IJ] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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