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Sensex up in choppy trade

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					18     Gulf	Daily	News	Saturday,	5th	November	2011




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  Exchange Rates
                            CURRENCIES
                                                                                                                 Euro zone services setback
                                                                                                                 LONDON: Euro zone services business            from the flash reading since November            climate,” Williamson added.
 COUNTRY                                                  SELL CASH SELL DRAFT                                   contracted even more than initially report-    2008, when Europe was plunging into the             Service providers, who range from
 AUSTRALIA	(Dollar)	                                            0.3948	    0.3918
                                                                                                                 ed in October as the debt crisis sapped new    darkest phase of the financial crisis.           hotels to hairdressers, post and telecom,
                                                                                                                 business and soured sentiment in an econ-         The index stayed below 50 for the sec-        struggled in October. The new business
 BANGLADESH (Taka)                                             0.00498    0.00496
                                                                                                                 omy looking like it is headed back into        ond month running, a level that divides          index tumbled to 45.3 from 47.1, and hir-
 CANADA	(Dollar)	                                               0.3781	    0.3741                                recession, data showed yesterday.              growth from contraction, and survey com-         ing stagnated for the first time since April
 CHINA	(Yuan)	                                                0.061100	     0.0611                                  The unresolved debt crisis, which has       plier Markit said conditions are unlikely        2010.
 DENMARK	                                                       0.0724	          -                               hammered businesses in the euro zone,          to improve over the next few months as              The gloomy economic outlook hurt
 EGYPT	(Pound)	                                                 0.0659	    0.0638                                took a turn for the worse on Thursday with     the threat of an imminent recession takes        business confidence with the index declin-
 EUROPEAN UNION (Euro)                                          0.5240      0.5215                               a Greek political crisis threatening to top-   hold.                                            ing to a two-and-a-half year low.
 HONG	KONG	(Dollar)	                                           0.04974	   0.04934                                ple the government and talk of Greece             “The final PMI was even weaker than              Data released earlier showed services
                                                                                                                 leaving the 17-nation union.                   the earlier flash estimate, and suggests that    activity contracting in France, Spain and
 INDIA (Rupee)                                                 0.00801    0.00776
                                                                                                                    In a bid to support the ailing economy,     the euro area contracted at a worrying pace      Italy, while Germany and Ireland saw only
 INDONESIA	(Rupiah)	                                                  -	         -                               the European Central Bank (ECB) sur-           at the start of the final quarter,” said Chris
 IRAN	(Tuman)	                                             0.00030941	           -                               prised markets with a 25 basis point cut at    Williamson, chief economists at Markit.          modest growth.
 IRAQ	(Dinar)	                                                0.000321	          -                               its first policy meeting led by Mario             The survey points to growth falling at a         Activity in services firms lost steam in
 JAPAN	(Yen)	                                                 0.004980	  0.004910                                Draghi.                                        quarterly rate of 0.5 per cent and suggested     major Asian economies and slowed to a
                                                                                                                    Markit’s Eurozone Services Purchasing       it was highly probable the economy could         crawl in Britain, suggesting the global
 JORDAN	(Dinar)	                                                 0.5354	    0.5350
                                                                                                                 Managers’ Index (PMI) fell to 46.4 in          contract in the fourth quarter.                  economy is weakening as the euro zone
 KOREA	(Won)	                                              0.00038338
                                                                                                                 October from 48.8 in September, its lowest        “Any such upturn seems unlikely, how-         debt crisis rages on, key surveys showed.
 KUWAIT (Dinar)                                                  1.3750      1.375
                                                                                                                 reading since July 2009 and markedly           ever, given the deterioration in order books        The same trend continued in the US
 MALAYSIA	(Ringgit)	                                          0.123600	     0.1236
                                                                                                                 lower than an earlier flash reading of 47.2.   and companies’ increasing reluctance to          services sector, which slowed modestly to
 MALTA	(Lira)	                                                        -	         -                                  It was the biggest downward revision        hire extra staff in the uncertain economic       its lowest level in three months.



                                                                                                                    Sensex up in choppy trade
 NEW	ZEALAND	(Dollar)	                                           0.3004	    0.2994
 NORWAY	(Krone)	                                                 0.0687	         -
 N.	Yemen	(Riyal)	                                                    -	         -
 NEPAL	(Rupee)	                                                0.00538	   0.00483
 OMAN (Riyal)                                                  0.98000    0.98300
 PAKISTAN (Rupee)                                              0.00448    0.00439
                                                                                                                   MUMBAI: The BSE Sensex                Domestic corporate earnings said Jigar Shah, senior vice-         holiday. Lenders lead the gains
                                                                                                                   added 0.5 per cent yesterday       will also remain in focus as the president of KIM Eng                as investors bought battered-
 PHILIPPINES (Peso)                                            0.00904    0.00881
                                                                                                                   despite losing some ground to      world’s No 7 steelmaker Tata Securities.                             down stocks after better-than-
 QATAR (Riyal)                                                 0.10379    0.10374                                  profit booking, but closed the     Steel, aluminium maker              The BSE index’s 14-day           expected earnings for the sec-
 SAUDI ARABIA (Riyal)                                          0.10062	   0.10065                                  week 1.4pc lower roiled main-      Hindalco, top Indian real estate relative strength index stood at    ond quarter.
 SINGAPORE	                                                      0.2978	    0.2968                                 ly by investor risk aversion       firm DLF and Indian                        60 yesterday.                The banking sector index
 SOUTH	AFRICA	(Rand)	                                          0.04900	   0.04890                                  amid economic uncertainties        Oil      Corporation                          A reading below 30     has fallen 15pc so far this year
 SRI LANKA (Rupee)                                             0.00354    0.00346                                  sparked by Greece’s debt woes      among others will BOMBAY indicates stocks are                        on worries that rising interest
 SWEDEN	(Krona)	                                                 0.0599	         -
                                                                                                                   and political drama.               announce quarterly                         technically oversold,     rates will hurt asset quality and
                                                                                                                      World stocks were boosted       earnings.                                  while a value closer      margins.
 SWITZERLAND	(Franc)	                                            0.4345	    0.4315
                                                                                                                   by expectations that Greece           The main 30-share STOCKS to and above 70 indi-                       Top lender State Bank of
 SYRIA	(Pound)	                                                0.07390	     0.0074                                 will avoid a referendum on a       BSE index ended the                        cates they are over-      India closed up 1.5pc at
 TAIWAN	(Dollar)	                                             0.013100	          -                                 new bailout package, easing        volatile session 80.68                     bought.                   1,964.25 rupees, while No 2
 THAILAND	(Baht)	                                             0.012510	  0.012400                                  imminent concerns of a Greek       points higher at 17,562.61,         “Traders tried to reduce their   lender ICICI Bank, which beat
 TURKEY	(Lira)	                                                  0.2215	         -                                 default and its potential shock-   with 22 of its components positions, before market opens             street estimates this week with
 UK (Sterling)                                                   0.6095     0.6070                                 waves through the euro zone.       closing in the green, having again on Tuesday after a three-         a 21.6pc rise in second-quarter
 UAE (Dirham)                                                 0.102800   0.102800                                     News from Greece will           gained more than 1pc during day break,” said Arun Kejriwal,          profit, added 0.8pc.
 USA (Dollar)                                                  0.37800    0.37800
                                                                                                                   again dominate next week, as       the day.                         strategist at research firm            Non-ferrous metals maker
                                                                                                                   markets look out for some             “We have been advising our KRIS.                                  Hindalco topped the gains as
 Rates are in Bahraini dinars at 17.00 local time, Thursday. Rates are                                             signs of a definite settlement     clients to take profit as the       Indian markets will remain       aluminum prices extended rise
 indications only. For firm rates or for currencies not listed above                                               of the crisis.                     market looks overbought,” closed on Monday for a public              by 0.5pc, having added 1.2pc
 please call Bahrain Financing Company. Telephone: 17228888,                                                                                                                                                               in the previous session.
 Website: www.bfc.com.bh.
                                                                                                                                                                                                                              The 50-share NSE index
 Gulf Interbank Rates                                                                                                                            D                                                                         rose 0.35pc at 5,284.20 points.
                                                                                                                                                                                                                              In the broader market, gain-
                                                                                                                                                 I                                                                         ers outnumbered losers in the
                           1 US$             1 UK Stg                 1 SFR               100 Yen
 BAHRAIN	                  0.3770	             0.6034	                0.4260	              0.4827                                                L                                                                         ratio of 1.5:1 on total volume
                                                                                                                                                                                                                           of about 558.6 million shares.
 KUWAIT	                   0.2855	             0.4569	                0.3226	              0.3656                                                B                                                                            The MSCI’s broadest index
 OMAN	                     0.3849	             0.6160	                0.4349	              0.4928
 QATAR	                    3.6420	             5.8290	                4.1153	              4.6633                                                E                                                                         of Asia-Pacific shares outside
                                                                                                                                                                                                                           Japan was up 2.9pc, while
 UAE                       3.6730	             5.8786	                4.1503	              4.7029                                                R                                                                         S&P 500 futures traded in Asia
 SAUDI	                    3.7500	             6.0019	                4.2373	              4.8015
                                                                                                                                                 T                                                                         shed 0.18pc.
                 Dollar
                 Currency
                 Euro	
                 Yen	
                                                   November 4
                                                        $1.38	
                                                        78.01	
                                                                                         Previous
                                                                                          $1.3742
                                                                                            77.99
                                                                                                                                               SHIPPING
                 Swiss	francs	                         0.8853	                             0.8834
                 Canadian	dollars	                     1.0137	                             1.0124                Almoayed Wilhelmsen                                                    Dilmun Shipping Agency
                 Pound	                                    1.6	                            1.5956                Imports                                                                Cosco	Shengshi	      Hyundai	Glovis	due	from	Europe	today
                                                                                                                 Maersk	Phuket	     OOCL	due	from	Europe,	US,	Far	East	tomorrow         TS	Nagoya	           Emirates	due	from	Far	East	tomorrow
                                                                                                                 Sima	Paya	         OOCL	due	from	Europe,	US,	Far	East	November	7       Bunga	Raya	Tiga	     MISC	due	from	Far	East	November	8
Oil                                                                                                              Winter	D	
                                                                                                                 St.Andrew	
                                                                                                                                    NVOCC	due	from	Europe,	US,	Far	East	November	7
                                                                                                                                    PAN	COAST	due	from	Australia	November	9
                                                                                                                                                                                        Hoegh	Triton	
                                                                                                                                                                                        Bunga	Seroja	Satu	
                                                                                                                                                                                                             Hyundai	Glovis	due	from	Far	East	November	8
                                                                                                                                                                                                             CSCL	due	from	Far	East	November	11
                                                                                                                 Arrilah	1	         SAMSUN	due	from	Australia	November	11               TS	Jakarta	          Emirates	due	from	Far	East	November	13
Oil delivery prices (in dollars per barrel)                                                                      Maersk	Phuket	     OOCL	due	from	Europe,	US,	Far	East	November	13      Bunga	Raya	Lapan	    Misc	due	from	Far	East	November	15
                                                                                           November 04           Sima	Paya	         OOCL	due	from	Europe,	US,	Far	East	November	14      Maersk	Wave	         Hyundai	Glovis	due	from	Europe	November	18
                                                                                                      (close)    Maersk	Phuket	     OOCL	due	from	Europe,	US,	Far	East	November	20      Xin	Yan	Tai	         CSCL	due	from	Far	East	November	18
IPE	Brent	 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $115.49		   Sima	Paya	         OOCL	due	from	Europe,	US,	Far	East	November	21      TS	Qingdao	          Emirates	due	from	Far	East	November	20
                                                                                                                 Maersk	Phuket	     OOCL	due	from	Europe,	US,	Far	East	November	27      Gulf Agency Company
Nymex	crude	 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100.22	        Sima	Paya	         OOCL	due	from	Europe,	US,	Far	East	November	28      MSC	Fabiola	         CSAV/NOR	due	from	Europe	November	8
                                                                                                                 Exports                                                                Maersk, Kanoo
GOLD                                                                                                             Winter	D	
                                                                                                                 	
                                                                                                                                    OOCL	due	from	Far	East,	China,	Southeast	
                                                                                                                                    Asia,		Inter	Gulf	November	7
                                                                                                                                                                                        Maersk	Phuket	
                                                                                                                                                                                        Maersk	Phuket	
                                                                                                                                                                                                             Maersk	due	from	Jebel	Ali	tomorrow
                                                                                                                                                                                                             Maersk	due	from	Jebel	Ali	November	13
                                                                                                                 Bux	Crown	         OOCL	due	from		Far	East,	China,	Southeast	          Maersk	Phuket	       Maersk	due	from	Jebel	Ali	November	20
Gold bars                   Selling
    Rates are in Bahrain Dinars                          Metal Prices                                            	
                                                                                                                 Alsharif Group
                                                                                                                                    Asia,		Inter	Gulf	November	11                       Maersk	Phuket	
                                                                                                                                                                                        National Shipping
                                                                                                                                                                                                             Maersk	due	from	Jebel	Ali	November	27
8gm	coin	22k	              165.000                                                                               TS	Nagoya	         TS	Line	due	from	Far	East	tomorrow                  MSC	Teresa	          MSC	due	from	Europe,	Mediterranean	November	7
8gm	coin	21k	              158.000                       LONDON MARKETS                                          Dream	Diamond	     K	Line	due	from	Japan,	Far	East	November	8          MSC	Pina	            MSC	due	from	Europe,	Mediterranean	November	7
1gm	(24	carat)	             24.250                       Gold	(per	ounce)	        $1,754.85                      HS	Bruckner	       Hanjin	due	from	Europe	November	7                   MSC	London	          MSC	due	from	Far	East	November	7
2.5gm	                      57.750                       Silver	(per	ounce)	         $34.16                      Xin	Qing	Dai	      Hanjin	due	from	Europe	November	7                   AS	Poseidon	         MSC	due	from	Inter	Gulf	November	7
5gm	                       111.750                       Palladium	                 $655.00                      Hanjin	Tianjin	    Hanjin	due	from	Far	East	November	7                 YM	West	             YML	due	from	Far	East	November	7
10gm	                      219.250                       Platinum	                $1,626.00                      Al	Abdali	         Hanjin	due	from	US	November	7                       Cosco	Thailand	      Cosco	due	from	Far	East	November	11
20gm	                      435.250                        (Three-month delivery)                                 Hanjin	Belawan	    Hanjin	due	from	Inter	Gulf	November	7               Ital	Universo	       Cosco	due	from	Far	East	November	11
50gm	                    1,080.750                       Aluminium	($	per	tonne)	 2,152.00                       Viking	Diamond	    K	Line	due	from	Japan,	Far	East	November	12         First	Ocean	         HDSL	due	from	Far	East	November	12
100gm	                   2,154.750                       Copper	($	per	tonne)	     7,945.00                      TS	Jakarta	        TS	Line	due	from	Far	East	November	13               Dandle	              HDSL	due	from	Far	East	November	12
1	ounce	                   674.000                       Lead	(per	tonne)	       $	2,048.00                      UASC	Shuwaikh	     Hanjin	due	from	Europe	November	14                  Yusuf Bin Ahmed Kanoo
1	tola	                    254.750                       Nickel	(per	tonne)	   $	18,550.00                       Xin	Xia	Men	       Hanjin	due	from	Europe	November	14                  Cosco	Shengshi	      Hoegh,	Europe	due	from	Doha	tomorrow
5	tola	                  1,257.500                       Tin	(per	tonne)	      $	22,100.00                       APL, Bahrain                                                           Al	Messilah	         Livestock	due	from	Fremantle	tomorrow
10	tola	                 2,498.500                       Zinc	(per	tonne)	       $	1,959.00                      SPS	Eric	G	Gibson	 APL	due	from	Kuwait	tomorrow                        MOL	Priority	        MOL	due	from	Dammam	November	11
1kg	                   21,330.500                                                                                Frida	Schulte	     APL	due	from	Doha	November	10                       Prestige	Ace	        NMCC	due	from	Doha	November	14
1kg	silver	                435.250                       Bombay                                                  MOL	Priority	      APL	due	from	Dammam	November	11                     APL	Italy	           MOL	due	from	Dammam	November	17
1/2kg	silver	              220.750                       Gold	24K	(per	gram)	 Rs2,803.00                         APL	Italy	         APL	due	from	Dammam	November	17                     Maersk	Wave	         Hoegh,	Europe	due	from	Doha	November	20
                                                         Gold	22K	(per	gram)	 Rs2,621.00                         Frida	Schulte	     APL	due	from	Doha	November	18                       APL	Portugal	        MOL	due	from	Dammam	November	24
    • Courtesy Bahrain Express                           Gold	(10g)	           Rs27,660.00                       APL	Portugal	      APL	due	from	Dammam	November	24                     Hoegh	America	       Hoegh	US	due	from	Dammam	November	25
     Exchange Tel: 17-275-275                            Silver	(1kg)	         Rs56,310.00	                      APL	Tokyo	         APL	due	from	Dammam	November	27                     Alliance	Charleston	 Hoegh	US	due	from	Karachi	November	26

				
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posted:11/11/2011
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