press reports which may influence financial markets.
MARKET SNAPSHOTS
* The rupee closed at a record low of 94.45/52 to the dollar on Friday,
compared to 94.36/41 on Thursday.
* The Karachi Stock Exchange benchmark 100-share index ended up 0.96
percent or 130.22 points, at 13,730.82 points on volume of 57 million
shares on Friday.
* Foreign investors sold shares worth a net $610,624 on Friday.
* U.S. stocks ended higher on Friday, led by gains in bank shares, as
the S&P 500 index bounced back from its second-worst decline of the year.
* The Dow Jones industrial average was up 67.21 points, or 0.53 percent,
at 12,640.78. The Standard & Poor's 500 Index was up 9.51 points, or
0.72 percent, at 1,335.02. The Nasdaq Composite Index was up 33.33
points, or 1.17 percent, at 2,892.42.
* Brent held steady near $91 on Monday on support from lower output
after the threat of a storm shut nearly a quarter of U.S. offshore crude
and gas output and as key euro zone leaders backed a $156 billion plan
to revive growth in the debt-laden region. Brent crude recovered from
two consecutive weeks of losses to hit a high of $91.75 a barrel. The
contract edged down 2 cents to $90.96 by 0058 GMT.
* Gold tracked equities higher on Monday after falling more than 3
percent last week, but gains could be limited by a steady U.S. dollar
and worries about deflation which could sap investors' interest in the
precious metal. Spot gold added $1.70 to $1,573.14 an ounce by 0041 -
well below a record of about $1,920 hit in 2011, when investors turned
to the metal as a safe haven during the debt crisis in Europe.
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