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Pakistan - Market factors to watch - Dec 21
Reuters - Tuesday, December 21
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KARACHI, Dec 21 - 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 sell 20 billion rupees worth of Pakistan Investment Bonds on Wednesday. For details click on <SBPK13>.
MARKET SNAPSHOTS
* The rupee <PKR=> ended almost flat at 85.72/77 to the dollar on Monday, compared with the previous close of 85.70/76, supported by higher remittances from overseas Pakistanis.
* The Karachi Stock Exchange's benchmark 100-share index <.KSE> ended 0.49 percent, or 57.56 points, higher at 11,843.65, its highest close since July 2008.
Volume fell to 113.28 million shares, compared to 120.13 million shares traded in the last session.
* Foreign investors bought shares worth a net $749,504 on Monday.
* U.S. stocks tacked on further gains to push the S&P 500 to a two-year high on Monday, continuing a steady upward march investors believe will continue in 2011.
The Dow Jones industrial average <.DJI> dipped 13.78 points, or 0.12 percent, to 11,478.13. The Standard & Poor's 500 Index <.SPX> added 3.17 points, or 0.25 percent, to 1,247.08. The Nasdaq Composite Index <.IXIC> rose 6.59 points, or 0.25 percent, to 2,649.56. [.N]
* Oil prices rose for the third straight session on Tuesday, supported by cold weather in the United States and Europe, seasonal gasoline demand, and an expected drop in U.S. crude stocks.
U.S. crude for February <CLc1> climbed 33 cents to $89.70 a barrel by 0237 GMT. ICE Brent crude <LCOc1> traded 24 cents higher at $92.98. [O/R]
* Gold firmed on Tuesday as fears of further ratings downgrades in Europe spurred buying from speculators, but demand from jewellers slowed to a trickle in Asia, with most orders already filled before the year-end holidays.
Spot gold <XAU=> added $1.70 an ounce to $1,386.60 an ounce by 0320 GMT in thin trade, which means that prices are prone to sharp movements. Gold was well below a historical high of around $1,430 hit earlier this month. [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]
> U.S. considers expanding raids into Pakistan-report [ID:nN20221619]
> Iran hangs 11 Sunni rebels, urges Pakistan to act [ID:nHOS065605]
> Pakistan requests IMF loan programme extension-source [ID:nSGE6BJ043]
> INSTANT VIEW-Pakistan's July-Nov c/a deficit narrows to $504 mln [ID:nSGE6BJ08P]
> Pakistan Nov trade deficit widens to $1.34 bln [ID:nSGE6BD02N]
> Pakistani stocks, overnight rates end up; rupee flat [ID:nSGE6BJ099] (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan)
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