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Pakistan - Market factors to watch - March 3
Reuters - Thursday, March 3
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KARACHI, March 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@thomsonreuters.com)
MARKET SNAPSHOTS
* The rupee <PKR=> ended at 85.54/59 to the dollar on Wednesday, strengthening from Tuesday's close of 85.67/71, but dealers expect pressure on the local unit because of rising international oil prices.
* The Karachi Stock Exchange's benchmark 100-share index ended 0.78 percent, or 90.73 points, higher at 11,699.16.
Turnover fell to 143.3 million shares, compared with 153 million shares traded on Tuesday.
* Foreign investors bought shares worth a net $1.84 million on Wednesday.
* U.S. stocks eked out gains on Wednesday despite another rise in oil prices as investors bet the latest data signaled the economy could absorb expected higher energy costs.
The Dow Jones industrial average <.DJI> was up 8.78 points, or 0.07 percent, at 12,066.80. The Standard & Poor's 500 Index <.SPX> was up 2.11 points, or 0.16 percent, at 1,308.44. The Nasdaq Composite Index <.IXIC> was up 10.66 points, or 0.39 percent, at 2,748.07. [.N]
* Oil rose on Thursday as investors eyed growing instability in key Middle East oil producing countries, which could signal another threat to global supplies, after Libya's Muammar Gaddafi ordered airstrikes near Libyan oil facilities.
U.S. crude <CLc1> rose 31 cents to $102.54 at 0106 GMT, after hitting a high of $102.94. Brent crude <LCOc1> rose 23 cents to $116.58 per barrel. [O/R]
* Gold was flat on Thursday after hitting record highs in two consecutive sessions, as the ongoing unrest in the Middle East underpinned demand and investors awaited clues from today's meeting on European Central Bank monetary policy.
Spot gold <XAU=> was little changed at $1,433.60 an ounce by 0308 GMT, after striking a record high of $1,440.10 in the previous session. [GOL/]
* For global market news, click on [MKTS/GLOB]
* To see announcements of the Pakistan central bank's regular open market operations, please click on <SBPK09>.
FOR A SPEED GUIDE ON PAKISTAN, CLICK ON <PAKISTAN>
FOR PAKISTAN ECONOMIC INDICATORS, CLICK ON [ECI/PK]
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 ECONOMIC FX RELATED NEWS, HIT [FXNEWS]
FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/]
STOCKS - BUY OR SELL? [BUYSELL/]
IN THE NEWS REUTERS PAKISTAN (Click on [PK-RTRS]
> Militants say killed Pakistani minister for blasphemy [ID:nL3E7E20F]
> U.S. senators uneasy about Afghanistan, Pakistan [ID:nN02238719]
> Pakistan poisoned by extremism-UN rights chief [ID:nLDE7211PB]
> Obama: "deeply saddened" by Pakistani assassination [ID:nWEN8875]
> Pakistani stocks end up; rupee firms; o/n rates flat [ID:nSGE72103T] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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