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PAKISTAN - Market factors to watch - July 6
Reuters - Tuesday, July 6
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KARACHI, July 6 - 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)
MARKET SNAPSHOTS
* The Pakistani rupee <PKR=> ended at 85.45/50 to the dollar on Monday, little changed from Friday's close, and dealers said they expected the rupee to remain steady in coming weeks.
* The Karachi Stock Exchange's benchmark 100-share index <.KSE>, ended 0.62 percent, or 59.68 points, lower at 9,637.97.
Turnover was only 14.71 million shares, down from 22.47 million shares traded on Friday, and the lowest since December 2008. [.KA]
* The net inflow of foreign portfolio investment in the stock market was $198,170 on Monday.
* U.S. stocks were closed on Monday for the Independence Day holiday. [.N]
* Oil extended losses on Tuesday to four-week lows near $71, down as much as 1.5 percent from Friday's close, after a raft of negative economic indicators over the past week undermined confidence about growth in energy use.
U.S. crude for August delivery <CLc1> fell as much as $1.05 to $71.09 a barrel and was down 65 cents at $71.49 by 0233 GMT, in an extended session combining the trades of Monday and Tuesday on the New York Mercantile Exchange because of the Independence Day holiday. A single settlement price will be issued for July 6. [O/R]
* Gold relinquished early gains on Tuesday as the U.S. dollar firmed against the euro and stock markets dropped on concerns about economic slowdowns in the U.S. and China, prompting speculators to sell bullion to cover losses.
Gold <XAU=> fell $1.17 to $1,205.78 an ounce by 0248 GMT, having hit a high around $1,209. Gold slipped 3.4 percent last week, moving away from the record $1,264.90 hit in June, as risk aversion linked to fears over a debt crisis in Europe subsided. [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]
* Pakistan renews call for dialogue with some Taliban [ID:nSGE6640GU]
* FACTBOX- Security developments in Pakistan, July 5 [ID:nSGE65E0HE]
* Q&A-Why the attention on Pakistan's Chashma nuclear complex? [ID:nTOE66300J]
* Pakistani stocks thin, index edges lower [ID:nSGE6640DB]
* Cricket-Akmal inspires Pakistan to revenge win over Australia [ID:nLDE6641WP] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan)
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