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 Michael Georgy in Islamabad editorial on
+92-51-281-8320 or via email firstname.lastname@example.org
or on Reuters messaging email@example.com)
* In the currency market, the rupee strengthened,
closing at 98.12/98.17 against the dollar, compared to Monday's
close of 98.15/98.12.
* The Karachi Stock Exchange's (KSE) .KSE benchmark
100-share index ended 0.70 percent, or 125.61 points, lower at
* U.S. stocks rebounded from their worst decline since
November on Tuesday after Federal Reserve Chairman Ben Bernanke
defended the Fed's bond-buying stimulus and sales of new homes
hit a 4 1/2-year high. The Dow Jones industrial average
gained 115.96 points, or 0.84 percent, to 13,900.13 at the
close. The Standard & Poor's 500 Index rose 9.09 points,
or 0.61 percent, to 1,496.94. The Nasdaq Composite Index
advanced 13.40 points, or 0.43 percent, to close at 3,129.65.
* Brent futures held steady near $113 a barrel on Wednesday
after Federal Reserve's affirmation of its commitment to
monetary stimulus renewed hopes of a revival in demand growth in
the world's biggest oil consumer. Brent crude rose 8
cents to $112.79 a barrel by 0428 GMT, after rising to as much
as $113.10. The contract hit a session low of $112.41 a barrel
on Tuesday, its weakest since Jan. 24, and settled down $1.73.
U.S. oil gained 2 cents to $92.65, after ending 48 cents
* Gold traded flat on Wednesday, perching near a 1-1/2-week
high hit in the previous session as the U.S. Federal Reserve
reassured investors of its commitment to loose monetary policy,
burnishing bullion's appeal as a hedge against inflation. Spot
gold was little changed at $1,612.31 an ounce by 0218
GMT, after hitting a 1-1/2-week high of $1,619.66. It rose 1.2
percent on Tuesday, its biggest daily gain in three months. U.S.
gold inched down 0.2 percent to $1,612.10.
* To see announcements of the Pakistan central bank's
regular open market operations, please click on.
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IN THE NEWS REUTERS PAKISTAN (Click on )
* Afghan insurgent attacks misreported, did not fall in
* U.S. Treasury targets money exchange operator linked to