Pakistan - Market factors to watch - Dec 28
KARACHI |
KARACHI Dec 28 (Reuters) - 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 15 billion rupees worth of treasury bills on Wednesday. For details click on SBPK11.
MARKET SNAPSHOTS
* The rupee PKR= ended firmer at 85.79/85 to the dollar on Monday, compared with Friday's close of 85.86/91 to the dollar amid lack of import payments but dealers said the local unit could come under pressure because of an increase in international oil prices. [PKR/]
* The Karachi Stock Exchange's benchmark 100-share index .KSE ended 0.43 percent, or 51.56 points, higher at 11,909.73.
Volume was 85.15 million shares, a one-month low. [.KA]
* Foreign investors sold shares worth a net $589,491 on Monday.
* Wall Street erased earlier losses and ended little changed on Monday as investors shrugged off a surprise weekend interest rate hike from China's central bank.
The Dow Jones industrial average .DJI settled down 20.73 points, or 0.18 percent, at 11,552.76. The Standard & Poor's 500 Index .SPX was up 0.74 points, or 0.06 percent, at 1,257.51. The Nasdaq Composite Index .IXIC was up 4.25 points, or 0.16 percent, at 2,669.85. [.N] * U.S. crude futures were little changed on Tuesday in slow trade, near a 26-month high just below $92 per barrel hit a day earlier, underpinned by a snow storm in the U.S. northeast.
NYMEX crude for February delivery CLc1 was up 7 cents at $91.07 a barrel by 0031 GMT, after settling down 55 cents at $91 a day earlier. [O/R]
* Spot gold prices firmed on Tuesday as it was supported by a weaker dollar and buying interest in Asia, while investors hoped for a further rally in prices next year.
Spot gold XAU= gained 0.4 percent to $1,389.7 an ounce by 0251 GMT. U.S. gold futures GCG1 climbed 0.6 percent to $1,390.7. [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]
> Pakistan regional party says ministers to quit [ID:nLDE6BQ13M]
> IMF extends Pakistan loan as economic reforms drag [ID:nN27232019]
> Pakistani stocks, o/n rates end up; rupee firms [ID:nSGE6BQ05Q]
> FACTBOX-Security developments in Pakistan, Dec 27 [ID:nSGE6BQ021] (Reporting by Karachi Newsroom) (For more Reuters coverage of Pakistan, see: here)
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