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Pakistan - Market factors to watch - Feb 4
Reuters - Friday, February 4
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KARACHI, Feb 4 - 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 Pakistani rupee <PKR=> ended weaker at 85.50/56 to the dollar on Thursday, compared with Wednesday's close of 85.47/52 amid higher international oil prices.
* The Karachi Stock Exchange's benchmark 100-share index <.KSE> ended 0.95 percent, or 116.66 points, higher at 12,359.05 on turnover of 123.34 million shares.
* Foreign investors bought shares worth a net $279,208 on Thursday.
* U.S. stocks ended near the session high on Thursday, with investors favouring retailer shares after encouraging chain-store sales raised confidence ahead of Friday's jobs report.
The Dow Jones industrial average <.DJI> gained 20.29 points, or 0.17 percent, to 12,062.26. The Standard & Poor's 500 Index <.SPX> rose 3.07 points, or 0.24 percent, to 1,307.10. The Nasdaq Composite Index <.IXIC> added 4.32 points, or 0.16 percent, to 2,753.88. [.N]
* Oil rebounded on Friday, with Brent still above $102, with the focus on Egypt's volatile situation ahead of Friday prayers, and U.S. employment data that will give direction to prices later in the day.
Brent crude for March <LCOc1> gained 34 cents to $102.10 a barrel at 0315 GMT after touching $103.37 on Thursday, the highest intraday price since Sept. 26 2008, while U.S. crude <CLc1> rose 40 cents to $90.94. [O/R]
* Gold steadied on Friday, after rising more than 1 percent the previous day, with investors cautious ahead of U.S. January non-farm payroll data.
Spot gold <XAU=> fell $1.95 to $1,351.30 an ounce by 0040 GMT after surging more than 1 percent on buying by exchange traded funds and safe haven demand, triggered by unrest in Egypt. Markets in Singapore, Hong Kong and China are closed for the Lunar New Year. [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]
> Pakistan court extends detention of US diplomat [ID:nnSGE712070]
> FACTBOX-Security developments in Pakistan, Feb 3 [ID:nSGE71202W]
> Cricket-UK to announce decision on Pakistan trio on Friday [ID:nLDE7122J6]
> PREVIEW-Cricket-Pakistan players, ICC hold breath over verdict [ID:nSGE71204E]
> Pakistan to export up to 3 mln t of wheat-minister [ID:nSGE71205Y]
> Pakistan unlikely to import sugar in 2011-minister [ID:nSGE71204N]
> Pakistan's forex reserves rise to record $17.38 bln [ID:nSGE71206Y]
> Pakistani stocks up; rupee weakens; o/n rates flat [ID:nSGE71207Y] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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