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Pakistan - Market factors to watch - Dec 9
Reuters - Thursday, December 9
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KARACHI, Dec 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 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 to release weekly foreign exchange reserves data.
* The Federal Bureau of Statistics is due to release monthly inflation numbers on Thursday, or soon after.
* The FBS is also scheduled to release foreign trade numbers on Friday, or soon after.
For the FBS website, click on
MARKET SNAPSHOTS
* The rupee <PKR=> ended weaker at 85.72/74 against the dollar on Wednesday, compared with Tuesday's close of 85.67/70 amid an increase in import payments, especially for oil, dealers said.
* The Karachi Stock Exchange's benchmark 100-share index <.KSE> ended 1.74 percent, or 198.92 points, higher at 11,629.93, its highest close since July 2008.
Turnover rose to 195.65 million shares, compared to 118.3 million shares traded on Tuesday.
* Foreign investors bought shares worth a net $4.32 million on Wednesday.
* U.S. stocks edged higher on Wednesday as gains in financial and technology stocks offset declines caused by a recent surge in bond yields.
The Dow Jones industrial average <.DJI> gained 13.32 points, or 0.12 percent, to 11,372.48. The Standard & Poor's 500 Index <.SPX> gained 4.53 points, or 0.37 percent, to 1,228.28. The Nasdaq Composite Index <.IXIC> gained 10.67 points, or 0.41 percent, to 2,609.16. [.N]
* Oil rebounded towards $89 on Thursday as some optimism returned to financial markets in Asia on hopes that the extension of U.S. tax cuts would boost demand.
U.S. crude for December <CLc1> rose 62 cents to $88.90 a barrel at 0304 GMT, after touching a 26-month high of $90.76 on Tuesday and falling 41 cents on Wednesday. ICE Brent crude <LCOc1> added 41 cents to $91.18. [O/R]
* Spot gold firmed a notch on Thursday, after sliding more than one percent in the previous session, as a dollar rally paused, and resilient physical demand in Asia provided support.
Spot gold <XAU=> gained 0.4 percent to $1,386.75 an ounce by 0258 GMT, after falling to a one-week low of $1,371.45 on Wednesday. [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 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]
> PREVIEW-Pakistan's Nov CPI seen up 15.37 pct [ID:nSGE6B707L]
> ANALYSIS-Indian plan to deter Pakistan more myth than reality [ID:nL3E6N903B]
> Pakistan loses credibility in Taliban battle-study [ID:nSGE6B70D1]
> Pakistan court hears challenge to PSA port deal [ID:nSGE6B70BT]
> Suicide bomber kills 16 in northwest Pakistan [ID:nSGE6B706O]
> FACTBOX-Security developments in Pakistan, Dec 8 [ID:nSGE6B7081]
> Pakistani stocks end on 29-mth high; rupee weakens [ID:nSGE6B708X] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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