PAKISTAN - Market factors to watch - June 1

KARACHI, June 1 (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.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)

* State Bank of Pakistan to sell 90 billion rupees worth of 3-, 6- and 12-month treasury bills on Wednesday.

* The government is expected to release its Economic Survey for the fiscal year 2009/10 (July-June) on Friday.

* The government is likely to unveil its budget for fiscal year 2010/11 on Saturday.

MARKET SNAPSHOTS

* The Pakistani rupee hit an all-time low against the dollar on Monday because of pressure from import payments, dealers said.

The rupee PKR= ended at 85.45/50 to the dollar, compared with Friday's close of 85.15/18. [PKR/]

* The country's main stock index ended at its lowest level this year amid light trading. Investors were cautious ahead of the budget.

The Karachi Stock Exchange's (KSE) benchmark 100-share index .KSE fell 2.05 percent, or 194.73 points, to end at 9,326.42 points. The KSE-index ended at 9,302.92 points on Dec. 23, 2009.

Volume fell to 59.62 million shares traded, compared with on turnover of 92.77 million shares on Friday.

* The net inflow of foreign portfolio investment in the stock market was $1.23 million on Monday.

* U.S. stocks fell on Friday, capping off their worst month in over a year as a downgrade by Fitch of Spain's credit rating reignited worries about eurozone debt issues.

The U.S. markets were closed on Monday for the Memorial Day holiday. [.N]

* Oil held above $74 on Tuesday after Chinese factory data signaled sustained growth at the world's second-largest user, outweighing concerns about a potential slowdown in European economy.

U.S. crude for July delivery CLc1 was at $74.31 a barrel at 0300 GMT, up 34 cents from Friday's close. There was no settlement price on Monday because of the Memorial Day holiday in the United States. The New York Mercantile Exchange will combine Monday's and Tuesday's trading sessions into one. [O/R]

* Gold climbed to its highest in almost two weeks on Tuesday after warnings from the European Central Bank and China about economic recovery.

Spot gold XAU= climbed $7.55 to $1,221.75 an ounce versus the last notional close, the highest price since May 19, according to Reuters data. [GOL/]

* 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. believes it killed al Qaeda No. 3 [ID:nN332993]

* Gunmen attack Pakistan hospital in Lahore, kill 5 [ID:nSGE64U0HW]

* Pakistan misses two key IMF targets [ID:nSGE64U0GR]

* Pakistani jets attack militants; 42 killed [ID:nnSGE64U0GB]

* Pakistan lifts Facebook ban, restrictions remain [ID:nSGE64U0AE]

* ANALYSIS-Pakistan plays long game in Afghan peace drive [ID:nSGE64R045]

* Pakistan's 2010/11 budget - what to watch for [ID:nSGE64K0G0]

* Pakistani rupee at record low; stocks down [ID:nSGE64U0F3] (Reporting by Karachi Newsroom) (For more Reuters coverage of Afghanistan and Pakistan, see: here)