Pakistan - Market factors to watch - Sept 12
Sept 12 (Reuters) - Following is a list of events in Pakistan as well as news stories and press reports which may influence financial markets.
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* The Pakistani rupee ended slightly stronger at 94.58/94.63 to the dollar, compared to Monday's close of 94.69/94.74.
* Pakistani stocks ended lower on Tuesday in thin trade due to uncertainty in overseas markets, traders said. The Karachi Stock Exchange benchmark 100-share index ended 0.17 percent, or 26.17 points, lower at 15,214.02 on total volume of 153.57 million shares.
* The Dow industrials closed at the highest level in nearly five years on Tuesday in a lightly traded session before key decisions in Germany and the United States that could give markets a further boost. The Dow Jones industrial average ended up 69.07 points, or 0.52 percent, to 13,323.36. The Standard & Poor's 500 Index closed up 4.48 points, or 0.31 percent, to 1,433.56. The Nasdaq Composite Index gained 0.50 point, or 0.02 percent, to 3,104.53.
* Brent crude was steady on Wednesday after four days of gains, staying above $115 a barrel as investors remained cautiously optimistic a German court would approve the legality of the euro zone's bailout fund. London Brent crude for October delivery, which expires on Thursday, was trading 2 cents higher at $115.42 a barrel by 0326 GMT, after settling up 59 cents on Tuesday. U.S. crude for October delivery was down 14 cents at $97.03 a barrel.
* Gold hovered near a six-month high on Tuesday as investors stayed put ahead of a German court ruling on the euro zone's rescue fund and the Federal Reserve's policy meeting, while a weaker dollar lent support. Spot gold had inched up 0.2 percent to $1,735.71 per ounce by 0314 GMT. It hit $1,741.30 last Friday, the highest since Feb. 29. U.S. gold gained 0.2 percent to $1,738.20.
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* Sixty killed in factory fire in Pakistan-police[IDn:nL3E8KC17Y]
* Taliban raked in $400 million from diverse sources-UN[IDn:nL1E8KBAJH] (Reporting By Aisha Chowdhry)
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India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production. Full Article