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PAKISTAN - Market factors to watch - Feb 9
Reuters - Tuesday, February 9
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KARACHI, Feb 9 - 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 Robert Birsel in Islamabad editorial on +92-51 281 0017 or via email at robert.birsel@thomsonreuters.com or on Reuters messaging robert.birsel.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)
* Result of a sugar tender due to be released on Tuesday.
* CPI poll for January due to be released on Tuesday.
* CPI data for January due to be released on or after Tuesday.
MARKET SNAPSHOTS
* The rupee ended firmer at 84.90/98 to the dollar compared with Saturday's close of 84.96/85.01 to the dollar but dealers said they expected the rupee to weaken in coming days.[PKR/]
* The Karachi Stock Exchange benchmark 100-share index <.KSE> was up 0.41 percent, or 40.25 points, at 9,809.98 on turnover of 122 million shares. [.KA]
* The net outflow of foreign investment in the stock market was $71,559 on Monday.
[http://www.nccpl.com.pk/fipi-new/index.php]
* The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
The Dow Jones industrial average <.DJI> slid 103.84 points, or 1.04 percent, at 9,908.39. The Standard & Poor's 500 Index <.SPX> dropped 9.45 points, or 0.89 percent, at 1,056.74. The Nasdaq Composite Index <.IXIC> declined 15.07 points, or 0.70 percent, to close at 2,126.05. [.N]
* Oil sank below $72 a barrel on Tuesday, after rising nearly 1 percent the day before, weighed down by nagging worries over an uncertain demand outlook and the fiscal health of some euro zone countries.
U.S. crude for March delivery <CLc1> sank 37 cents to $71.25 a barrel by 0258 GMT, after settling up 70 cents at $71.89 per barrel on Monday. [O/R]
* Gold prices steadied above $1,060 on Tuesday, but sentiment continued to be hurt by worries over fiscal stability in Europe, curbing appetite for riskier assets such as commodities.
Spot gold <XAU=> was at 1.063.50 per ounce as of 0138 GMT, up 0.1 percent from New York's notional close of $1,063.80. [GOL/]
* For global market news, click on [MKTS/GLOB]
* To see announcements of 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]
> Former Pakistan minister hurt in gun attack [ID:nSGE6170KN]
> Pakistan stocks up; volume low after Friday bombs [ID:nSGE6170HX]
> Pakistan's Soneri Bank says eyes RBS Pakistan [ID"nSGE6170B6]
> Britain tightens student visa rules [nLDE61606T]
> Lowest bid in Pakistan sugar tender is $723.20/t [nSGE615019] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan)
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