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PAKISTAN - Market factors to watch - Aug 4
Reuters - Wednesday, August 4
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KARACHI, Aug 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.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)
* MCB Bank is scheduled to announce its results for six months ending June 30 on Thursday.
MARKET SNAPSHOTS
* The rupee <PKR=> ended at 85.74/80 to the dollar on Tuesday, compared with Monday's close of 85.77/84. Dealers said the rupee could come under pressure this week because of higher demand for dollars for import payments.
* The KSE's benchmark 100-share index <.KSE>, rose 0.15 percent, or 15.11 points, to end at 10,388.64 points. [.KA]
* The net inflow of foreign portfolio investment in the stock market was $1.95 million on Tuesday.
* U.S. stocks slipped on Tuesday as Dow component Procter & Gamble Co.'s <PG.N> lackluster results, coupled with weaker-than-estimated data on consumer spending and housing, prompted investors to exercise caution a day after the market's 2 percent rally.
The Dow Jones industrial average <.DJI> dropped 38.00 points, or 0.36 percent, to 10,636.38. The Standard & Poor's 500 Index <.SPX> shed 5.40 points, or 0.48 percent, to 1,120.46. The Nasdaq Composite Index <.IXIC> lost 11.84 points, or 0.52 percent, to 2,283.52. [.N]
* Oil fell for the first day in five on Wednesday as a rally that drove prices to three-month highs near $83 a day earlier ran out of steam, while industry data showed U.S. gasoline stockpiles rose unexpectedly last week.
U.S. crude for September <CLc1> fell as much as 41 cents to $82.14 a barrel and was down 16 cents at $82.39 by 0243 GMT, after touching $82.64 on Tuesday, the highest intraday price for a front-month contract since May 5. [O/R]
* For global market news, click on [MKTS/GLOB]
* 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]
* U.S helping Pakistan deal with floods [ID:nN03177368]
* Pakistan floods ravage lives of millions - UNICEF [ID:nSGE672055]
* Pakistan's Karachi shut after 45 killed in clashes [ID:nSGE67207L]
* Pakistan's Zardari says war with Taliban being lost [ID:nLDE672124]
* Pakistani stocks end up in dull trade after clashes [ID:nSGE6720GQ] (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/places/pakistan)
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