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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 3 Reuters - Monday, May 3 Send IM Story Print KARACHI, May 3 - 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) * State Bank of Pakistan to sell 75.0 billion rupees worth of 3-, 6- and 12-month treasury bills on Wednesday. MARKET SNAPSHOTS * The Pakistani rupee <PKR=> firmed against the dollar on Friday to close at 83.95/84.00 to the dollar, up from Thursday's close of 84.00/84.05, amid soft demand from importers. [PKR/] * The Karachi Stock Exchange's benchmark 100-share index <.KSE> ended 0.25 percent, or 26.51 points, lower at 10,428.12 on turnover of 96.88 million shares. * The net outflow of foreign portfolio investment in the stock market was $710,949 million on Friday. [http://www.nccpl.com.pk/fipi-new/index.php] * U.S. stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington. The Dow Jones industrial average <.DJI> fell 158.71 points, or 1.42 percent, to 11,008.61. The Standard & Poor's 500 Index <.SPX> lost 20.09 points, or 1.66 percent, to 1,186.69. The Nasdaq Composite Index <.IXIC> dropped 50.73 points, or 2.02 percent, to 2,461.19. [.N] * Oil prices rose above $86 a barrel in thin trade on Monday as a record bailout for debt-stricken Greece lifted investor risk appetite and hopes for a drawdown in U.S. crude stocks also lent support. U.S. crude for June delivery <CLc1> rose 39 cents to $86.54 a barrel by 0104 GMT. London Brent crude <LCOc1> edged up 17 cents to $87.61. [O/R] * Gold was slightly weaker in early trading on Monday after rising to a fresh 2010 high on Friday on news Greece will require a massive financial bailout package to stay afloat. Spot gold <XAU=> was quoted at $1,177.90 an ounce at 0041 GMT after hitting a high of $1,181.05 an ounce on Friday before recoiling to a nominal close of $1,178.55 an ounce. [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] > Pakistani Taliban claim failed New York bomb attack [ID:nLDE6410IH] > Hunt on for culprits in failed New York car bomb [ID:nN02156259] > Pakistani jets target Taliban positions. kill 19 [ID:nSGE64101W] > Small fire breaks at U.S. embassy in Islamabad [ID:nSGE64101K] > Cricket-Australia beat Pakistan by 34 runs on Twenty20 World Cup [ID:nLDE6410LQ] > Pakistani rupee edges firmer; stocks end lower [ID:nSGE63T0CW] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan) Recommend Send IM Story Print Related Articles Oil below $86 as traders eye Gulf crude spill AP - 12 minutes ago Mining shares tumble on Australian tax plan AP - 15 minutes ago Russia's Rencap buys SAfrica's Barnard Jacobs Mellet Reuters - 26 minutes ago GLOBAL ECONOMY-Asian factory output strong, inflation mounting Reuters - 28 minutes ago Australian mining tax may boost PM Rudd's appeal Reuters - 34 minutes ago News Search Top Stories United, Continental to announce merger plans: US media Obama defends his US oil slick response Greek crisis to dominate ECB meeting in Lisbon 'Trust' lacking in stalled climate talks: Merkel, Calderon Norsk Hydro to buy Vale's aluminium assets More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Shroud of Turin 'mirrors' human suffering: pope Obama jokes about his ratings and nationality Greece agrees painful cuts in return for bailout New York police foil Times Square car bombing Obama defends his US oil slick response More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! 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