July 16, 2012 / 3:58 AM / 5 years ago

Pakistan - Market factors to watch - July 16

ISLAMABAD, July 16 (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 rupee closed weaker at 94.43/49 to the dollar on Friday, compared with 94.33/38 on Thursday.

* The Karachi Stock Exchange benchmark 100-share index dropped 69.45 points, or 0.48 percent, to close at 14,332.29 on volume of 92.99 million shares on Friday.

* Foreign investors bought shares worth a net $31,318 on Friday.

* U.S. stocks shed the sour tone that plagued equities all week on Friday, with a rally that broke a six-day losing streak. The Dow Jones industrial average was up 203.82 points, or 1.62 percent, at 12,777.09. The Standard & Poor's 500 Index was up 22.01 points, or 1.65 percent, at 1,356.77. The Nasdaq Composite Index was up 42.28 points, or 1.48 percent, at 2,908.47.

* Brent crude held steady above $102 per barrel on Monday on optimism over the outlook for demand growth as China's Premier Wen Jiabao said the government will step up efforts to boost the economy of the world's second-largest oil consumer. Brent crude slipped 5 cents to $102.35 a barrel by 0232 GMT. Prices settled $1.33 higher on Friday, crossing its 50-day moving average below $102 for the first time since April.

* Gold traded little changed on Monday, retaining gains from the previous session clocked up after China's growth data came in on target and eased worries about worsening economic conditions, feeding risk appetite and boosting the euro. Spot gold traded nearly flat at $1,590.59 an ounce by 0023 GMT, after rallying 1 percent on Friday.

* 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 )

* Iraq signs gas contract with Pakistan Petroleum (Compiled by the Islamabad newsroom)

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