May 30, 2012 / 4:17 AM / 5 years ago

Pakistan - Market factors to watch - May 30

ISLAMABAD, May 30 (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 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 closed at a record low of 92.90/95 on Tuesday, with sustained pressure on the currency because of increased import payments, especially for oil.

* The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.29 percent, or 40.34 points, to 14,071.l85 points on volume of 120.87 million shares on Tuesday, compared to Monday's close of 14,031.51. The KSE hit a high of 14,168.49 points during the day.

* Foreign investors sold shares worth a net $7,874,282 on Tuesday.

* U.S. stocks rose on Tuesday as signs Greece would stay in the euro zone were enough to spark buying in what has been a weak month for equities, while Facebook plumbed new lows on high volume. The Dow Jones industrial average rose 125.86 points, or 1.01 percent, to 12,580.69. The S&P 500 Index added 14.60 points, or 1.11 percent, to 1,332.42. The Nasdaq Composite gained 33.46 points, or 1.18 percent, to 2,870.99.

* Oil prices fell for a second straight session on Wednesday, with Brent staying under $107 per barrel, as risk aversion gripped markets after Spain's credit rating downgrade stoked fears of a worsening euro zone crisis denting demand outlook. Brent crude eased 35 cents to $106.33 per barrel by 0231 GMT, heading for the biggest monthly drop in two years, while U.S. crude fell 40 cents to $90.36.

* Gold dipped to a one-week low on Wednesday, tracking a weaker euro on heightened worries about the euro zone debt crisis as Spain's borrowing costs spiralled towards unsustainable levels. Spot gold lost 0.4 percent to $1,547.76 an ounce by 0336 GMT, extending a decline of more than 1 percent in the previous session. Prices are poised for a monthly loss of 7 percent and a fourth month of decline.

* 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

STOCKS - BUY OR SELL?

IN THE NEWS REUTERS PAKISTAN (Click on )

* Pakistani doctor in bin Laden hunt rejected US escape -officials

* Pakistan stocks rise; rupee drops to fresh low vs. dollar

* Pakistan set to buy 320,000 T gasoil, gasoline -trade (Compiled by the Islamabad newsroom)

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