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PAKISTAN - Market factors to watch - Sept 15
Reuters - Wednesday, September 15
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KARACHI, Sept 15 - 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:
(The inclusion of diary items does not necessarily mean that Reuters will cover the event)
* State Bank of Pakistan is due to release monthly foreign investment data on or after Wednesday.
MARKET SNAPSHOTS
* The rupee <PKR=> ended almost flat at 85.66/76 to the dollar on Tuesday, compared with Thursday's close of 85.65/71 to the dollar and dealers expect pressure on the local unit to continue amid higher import payments. [PKR/]
* The Karachi Stock Exchange , benchmark 100-share index <.KSE> ended 1.91 percent, or 189.03 points, higher at 10,068.36, on turnover of 77.97 million shares. [.KA]
* The net inflow of foreign portfolio investment in the stock market was $4.55 million on Tuesday.
* U.S. stocks were little changed on Tuesday after promising data from the retail sector fed recent optimism that the economic recovery, while slow, is proceeding.
The Dow Jones industrial average <.DJI> dropped 17.64 points, or 0.17 percent, to 10,526.49. The Standard & Poor's 500 Index <.SPX> shed 0.80 points, or 0.07 percent, to 1,121.10. The Nasdaq Composite Index <.IXIC> gained 4.06 points, or 0.18 percent, to 2,289.77. [.N]
* Oil fell for a second day on Wednesday as Enbridge prepared to restart the biggest Canada-U.S. crude pipeline, raising expectations of a short-lived shutdown that would limit the drainage of record-high inventories.
U.S. crude for October <CLc1> fell 65 cents to $76.15 a barrel by 0300 GMT, a steeper drop than the 26 cent decline in the European marker ICE Brent <LCOc1> to $78.90, because of the localised impact of the pipeline outage. [O/R]
* Gold dropped on Wednesday after hitting another record above $1,274 an ounce the previous day, but sentiment was upbeat as stock markets slipped and the U.S. dollar weakened on persisent worries about the economy.
Spot gold <XAU=> eased $1.07 to $1,269.20 ounce by 0046 GMT after rising as high as $1,274.75 on Tuesday -- its biggest one-day gain in four months as economic uncertainty lured nervous investors into bullion.[GOL/]
* 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 stocks end higher; rupee flat; o/n rates down [ID:nSGE68D0HL]
> Disease risk eases in parts of flooded Pakistan [ID:nSGE68D0ER]
> Protestors battle with police in Kashmir [ID:nSGE68D0ES]
> Pakistan PARCO oil refinery to restart this weel - trade [ID:nSGE68D0FS]
> Six weeks on, south Pakistan faces new flood threat [ID:nSGE68C0JJ] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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