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Pakistan - Market factors to watch - Oct 8

Source : REUTERS
Last Updated: Mon, Oct 08, 2012 04:30 hrs

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 0017 or via email michael.georgy@thomsonreuters.com or on Reuters messaging michael.georgy@thomsonreuters.com)

MARKET SNAPSHOTS

* The Pakistani rupee ended weaker at 95.46/95.51 to the dollar compared to Thursday's close of 95.35/95.55.

* The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.32 percent, or 49.80 points, lower at 15,739.16 on total volume of 145.84 million shares.

* The S&P 500 broke a four-day string of gains, ending slightly lower on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the coming earnings season, which begins with Alcoa next week. The Dow Jones industrial average rose 34.79 points, or 0.26 percent, to 13,610.15 at the close. The Standard & Poor's 500 Index dipped just 0.47 of a point, or 0.03 percent, to 1,460.93. The Nasdaq Composite Index slipped 13.27 points, or 0.42 percent, to end at 3,136.19.

* Brent crude slipped below $112 per barrel on Monday, dropping for a second straight session on concerns a fragile global economy could curb oil demand, but supply worries stemming from tensions in the Middle East may help check losses. Brent November crude fell 34 cents to $111.68 a barrel by 0302 GMT after a 0.33 percent decline last week. U.S. November crude fell 42 cents to $89.46.

* Gold lost half a percent on Monday, on course for its sharpest one-day loss in three weeks as a surprisingly upbeat U.S. job market report dented the precious metal's appeal as a hedge against inflation. Spot gold dropped 0.5 percent to $1,771.50 an ounce by 0319 GMT, headed for its biggest daily loss in three weeks and taking it further away from the key $1,800 level that was last broken above in November last year. U.S. gold fell 0.4 percent to $1,773.60.

* To see announcements of the Pakistan central bank's regular open market operations, please click on. FOR A SPEED GUIDE ON PAKISTAN, CLICK ON

FOR PAKISTAN ECONOMIC INDICATORS, CLICK ON

FOR PAKISTAN OPEN MARKET CURRENCY RATES, CLICK ON

FOR PAKISTAN COTTON RATES, SEE

FOR PAKISTAN PORT ACTIVITY, CLICK ON

FOR KEY GLOBAL ECONOMIC NEWS, SEE

FOR AN OUTLOOK OF ASIAN STOCK TRADING, CLICK ON

TOP NEWS ON ASIAN COMPANIES

FOR ECONOMIC FX RELATED NEWS, HIT

FOR WHAT INVESTORS ARE SAYING ABOUT DEALS

IN THE NEWS REUTERS PAKISTAN (Click on

* Pakistan halts drone protest led by ex-cricketer Imran Khan

* Panetta rejects Karzai criticism of Afghan war effort

* US court fight starts for radical cleric sent from Britain




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