Sensex slips in choppy trade by benbenzhou

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									24      Gulf Daily News Thursday, 7th July 2011




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                            CURRENCIES                                                                                  Bahrain Bourse                                                                                                                    Total number of shares traded
                                                                                                                                                                                                                                                          Total value of shares trades
                                                                                                                                                                                                                                                                                         453,315
                                                                                                                                                                                                                                                                                        BD68,737

  Exchange Rates
                                                                                                               PRICES at the close of trading yesterday:                                                                     SERVICES SECTOR
 COUNTRY                                           SELL CASH                  SELL DRAFT                       BAHRAIN ALL SHARE INDEX ...................1,318.47 ..................... +1.19                               Bahrain Ship Repairing and Engineering Co ..........1.700 ........................
 AUSTRALIA (Dollar)                                       0.4120                   0.4090                      Company ............................................. Share Prices ....... Change + or -                      Bahrain Car Park Company ....................................0.179 ........................
                                                                                                               BANKS SECTOR                                                                                                  Bahrain Cinema Company ......................................0.792 ........................
 BANGLADESH (Taka)                                      0.00526                   0.00507                      Ahli United Bank ..............................................$0.720 ................... +0.005              Bahrain Duty Free Shop Complex ..........................0.680 ........................
 CANADA (Dollar)                                          0.4000                   0.3960                      Al Salam Bank (Salam) .....................................0.050 ..............................               Bahrain Maritime and Mercantile Intl.......................0.570 ........................
 CHINA (Yuan)                                                  -                        -                      Bahrain Islamic Bank.........................................0.102 ..............................             Bahrain Telecommunications Company ..................0.444 .............. -0.002
                                                                                                               BBK ...................................................................0.420 ..............................   General Trading and Food Processing Co ..............0.244 ........................
 DENMARK                                                  0.0764                        -                      Ithmaar Bank ...................................................$0.085 ..............................         Nass Corporation BSC ............................................0.160 ........................
 EGYPT (Pound)                                            0.0662                   0.0640                      Khaleeji Commercial Bank (KHCB) ...................0.043 ..............................                       Seef Properties BSC ...............................................0.089 ........................
 EUROPEAN UNION (Euro)                                   0.5530                    0.5505                      National Bank of Bahrain ..................................0.590 ..............................               Sudan Telecommunications Company ....................$1.75
                                                                                                               The Bahraini Saudi Bank ..................................0.065 ..............................                INSURANCE SECTOR
 HONG KONG (Dollar)                                     0.04966
                                                                                                               Bank Muscat......................................................0.824                                        Al Ahlia Insurance Company ...................................0.330 ........................
 INDIA (Rupee)                                          0.00870                       0.00860                  BANKS INVEST SECTOR                                                                                           Arab Insurance Group (ARIG) ...............................$0.510 ........................
 INDONESIA (Rupiah)                                 0.00004614                                                 Al Baraka Banking Group BSC .......................$1.140 ..............................                      Bahrain Kuwait Insurance Company .......................0.670 ........................
 IRAN (Tuman)                                       0.00033298                              -                  Arab Banking Corporation .................................0.460 ..............................                Bahrain National Holding.........................................0.418 ........................
                                                                                                               Bahrain Commercial Facilities Co .....................0.420 ..............................                    Takaful International Company ................................0.290
 IRAQ (Dinar)                                          0.000322                             -                  Bahrain Middle East Bank .................................0.075 ..............................                HOTEL SECTOR
 JAPAN (Yen)                                           0.004820                      0.004750                  Gulf Finance House.........................................$0.305 ..............................              Bahrain Family Leisure Company ...........................0.107 ........................
 JORDAN (Dinar)                                           0.5353                                               Gulf Monetary Group .........................................0.035 ..............................             Bahrain Tourism Company ......................................0.320 ........................
                                                                                                               Inovest BSC ....................................................$0.320 ..............................         Banader ...................................................................0.078 ........................
 KOREA (Won)                                         0.0004047                                                 Investcorp Bank..........................................$1,138.50 ..............................             Gulf Hotels Group....................................................0.795 ........................
 KUWAIT (Dinar)                                           1.3820                        1.382                  TAIB Bank........................................................$2.730 ..............................        National Hotels Company........................................0.445 ........................
 MALAYSIA (Ringgit)                                    0.128500                        0.1285                  United Gulf Bank ...............................................0.422 ..............................          INDUSTRIES SECTOR
                                                                                                               United Gulf Industries Corp ...............................0.100 ..............................               Bahrain Flour Mills Company ..................................0.400 ........................
 MALTA (Lira)                                                  -                            -                  INVESTMENT SECTOR                                                                                             Delmon Poultry Company .......................................0.215 ........................
 NEW ZEALAND (Dollar)                                     0.3175                       0.3165                  AUB Preference A ...........................................$0.400 ..............................             IPO
 NORWAY (Krone)                                           0.0726                            -                  Esterad Investment Company ...........................0.134 ..............................                    Aluminum Bahrain BSC...........................................0.900 ........................
                                                                                                               Global Investment House ..................................0.150 ..............................                CLOSED COMPANY SECTOR
 N. Yemen (Riyal)                                              -                            -
                                                                                                               International Investment Group .........................0.301 ..............................                  Securities & Investment Co (Sico) ..........................0.310
 NEPAL (Rupee)                                          0.00553                       0.00537                  United Finance Company SAOG ......................$0.37 ..............................                        United Paper Industries BSC (UPI) .........................0.420 ........................
 OMAN (Riyal)                                           0.98000



                                                                                                                      Sensex slips in choppy trade
 PAKISTAN (Rupee)                                       0.00454                       0.00441
 PHILIPPINES (Peso)                                     0.00900                       0.00881
 QATAR (Riyal)                                          0.10379                       0.10374
 SAUDI ARABIA (Riyal)                                   0.10058                       0.10065
 SINGAPORE                                                0.3108                       0.3098                      MUMBAI: The BSE Sensex                                18,726.97 points, with 18 of its     Idea Cellular ended up                                                The Indian rupee weakened
 SOUTH AFRICA (Rand)                                    0.05810                       0.05800                      fell for the second consecutive                       components losing. It rose as 1.95pc a day after it said a tri-                                         in a choppy session, plunging
 SRI LANKA (Rupee)                                      0.00360                                                    session and ended down 0.1 per                        much as 0.42pc in the day.        bunal stayed the countryÕ s tele-                                     from a two-month high touched
 SWEDEN (Krona)                                           0.0634                            -                      cent in choppy trade yesterday,                          Foreign funds have pumped coms ministry from enforcing                                               against the dollar earlier,
 SWITZERLAND (Franc)                                      0.4579                       0.4549
                                                                                                                   taking cues from global mar-                          in nearly $2 billion in the eight fines worth 2.5bn rupees ($56.3                                       dragged by losses in the euro
                                                                                                                   kets and as investors held back                       sessions to July 4, as they million) over alleged violation                                             and ChinaÕ s rate rise.
 SYRIA (Pound)                                         0.007570                             -
                                                                                                                   from taking major positions                           ramped up their interest in risk- of telecoms rules in its takeover                                        While robust foreign fund
 TAIWAN (Dollar)                                       0.013600                             -                      ahead of upcoming quarterly                           ier emerging market assets, of a smaller rival.                                                         inflows until late-morning trade
 THAILAND (Baht)                                       0.012630                      0.012550                      results.                                              helping the main index rack up       Software firms, which get a                                        had propped up the Indian unit,
 TURKEY (Lira)                                            0.2446                            -                         Financials led the losses,                         gains.                                      majority of their rev-                                      dollar demand from oil compa-
 UK (Sterling)                                            0.6160                       0.6135                      with lenders State Bank of                               The main index has                       enues from the US                                           nies weighed.
 UAE (Dirham)                                          0.102800                      0.102800                      India and ICICI Bank falling                          recovered 8pc since a BOMBAY and Europe, had trad-                                                         The partially convertible
 USA (Dollar)                                           0.37760                       0.37800                      1.2 and 2pc, respectively.                            June 20 low of 17,314                       ed weaker as inves-                                         rupee ended at 44.4750/4850
                                                                                                                      The outlook for the sector                         points, but is still                        tors turned cautious                                        per dollar, after touching
 Rates are in Bahraini dinars at 17.00 local time, Wednesday. Rates                                                has been cloudy on worries                            down nearly 9pc so far STOCKS ahead of the US pay-                                                      44.3350--its highest since May
 are indications only. For firm rates or for currencies not listed above                                           over hardening interest rates                         in 2011.                                    rolls report due                                            3 and down 0.11 percent from
 please call Bahrain Financing Company. Telephone: 17228888,                                                       impacting growth.                                        Ò Going forward the                      tomorrow and after                                          its previous close.
 Website: www.bfc.com.bh.                                                                                             Ò The cues from the global                         market looks positive and the MoodyÕ s          downgrade        of                                        Ò After the inflows dried up at
                                                                                                                   markets have not been very                            rally should continue unless Portugal.                                                                  mid-day, the rupee was mainly
 Gulf Interbank Rates                                                                                              positive today... The market                          there is some major disappoint-      Infosys edged down 0.09pc                                          driven by the euro and then by
                                                                                                                   has been consolidating in a                           ment from the domestic results and Wipro ended 0.74pc lower,                                            China rate rise. It seems inflows
                         1 US$            1 UK Stg                  1 SFR                100 Yen
                                                                                                                   narrow band in the past three-                        front or even the monsoon,Ó while           Tata      Consultancy                                       will consolidate now and we
 BAHRAIN                 0.3770             0.6079                  0.4499                0.4669
                                                                                                                   four sessions and is clearly                          said Dewan.                       reversed early losses to end                                          expect the rupee to move with a
 KUWAIT                  0.2855             0.4604                  0.3407                0.3536                   looking for fresh triggers                                The 50-share NSE index 0.28pc higher.                                                               weak         bias      tomorrow
 OMAN                    0.3849             0.6207                  0.4593                0.4767                   from the quarterly results and                        ended down 0.12pc at 5,625.45        Shares of IndiaÕ s No 2 steel-                                     (Thursday),Ó said Rohan Naik,
 QATAR                   3.6420             5.8727                  4.3461                4.5102                   the monsoon to go up,Ó said                           points.                           maker by capacity JSW Steel                                           head of foreign exchange trad-
 UAE                     3.6730             5.9227                  4.3831                4.5486                   Neeraj Dewan, director                                    In the broader market, 718 closed 1.6pc higher at 889.25                                            ing at Standard Chartered Bank
 SAUDI                   3.7500             6.0469                  4.4749                4.6440                   Quantum Securities.                                   losers were ahead of 701 gain- rupees after it said its crude                                           in Mumbai.
                                                                                                                       The 30-share BSE Sensex                           ers on a volume of more than steel production grew by 9pc in                                                China raised interest rates for
                Dollar                                                                                             closed down 0.09pc at                                 529 million shares.               the June quarter.                                                     the third time this year on
                 Currency                              July 6                                 Prev
                                                                                                                                                                                                                                                                                  Wednesday, making clear that
                 Euro                                  $1.433                               $1.447                                                                                                                                                                                taming inflation remains a top
                 Yen                                    80.94                                81.13                                                                                                                                                                                priority even as its vast econo-
                 Swiss francs                           0.839                               0.8445
                                                                                                                                                                   D                                                                                                              my gently eases.
                 Canadian dollars                      0.9646                               0.9608                                                                                                                                                                                    The 25-basis-point increase
                 Pound                                 1.5998                                1.607                                                                 I                                                                                                              in lending and deposit rates
                                                                                                                                                                   L                                                                                                              underscores ChinaÕ s quiet con-
Oil                                                                                                                                                                B
                                                                                                                                                                                                                                                                                  fidence that the worldÕ s sec-
                                                                                                                                                                                                                                                                                  ond-biggest economy is resil-
Oil delivery prices (in dollars per barrel)                                                                                                                        E                                                                                                              ient enough to take tighter mon-
                                                                                                    July 06                                                                                                                                                                       etary policy in its stride, and is
                                                                                                     (close)                                                       R                                                                                                              not threatened by a hard landing
IPE Brent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $113.61
                                                                                                                                                                   T                                                                                                              that some investors fear.
Nymex crude . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $96.65

GOLD
Gold bars                  Selling
                                                         Metal Prices
                                                                                                                                                                SHIPPING
    Rates are in Bahrain Dinars
8gm coin 22k              140.000
8gm coin 21k              135.000                       LONDON MARKETS                                         Almoayed Wilhelmsen                                                                                           TS Jakarta                                  TS Line due from Far East July 10
1gm (24 carat)             21.000                                                                              Imports                                                                                                       Xin Tian Jin                                TS Line due from Far East July 10
                                                        Gold (per ounce)        $1,526.81                      APL London      OOCL/NVOCC due from Europe, US, Far East today                                                Abu Dhabi                                   Hanjin due from Europe July 16
2.5gm                      50.250                       Silver (per ounce)         $35.87
5gm                        96.000                       Palladium                 $773.47                      OXL Emir        OOCL/NVOCC due from Europe today                                                              Xin Chi Wan                                 Hanjin due from Far East July 16
10gm                      188.000                       Platinum                $1,734.24                      Capt Kattelmann OOCL/NVOCC due from Europe, US, Far East                                                      Najran                                      Hanjin due from USA July 16
20gm                      373.750                        (Three-month delivery)                                                tomorrow                                                                                      Hanjin Belawan                              Hanjin due from Inter Gulf July 16
50gm                      926.500                       Aluminium ($ per tonne) 2,556.00                       Maersk Phuket   OOCL/NVOCC due from Europe, US, Far East July 10                                              TS Tokyo                                    TS Line due from Far East July 17
100gm                   1,847.000                       Copper ($ per tonne)     9,521.00                      Sima Paya       OOCL/NVOCC due from Europe, US, Far East July 11                                              Xin Yan Tian                                TS Line due from Far East July 17
1 ounce                   578.250                       Lead (per tonne)       $ 2,700.00                      Freedom         WWL/ NMT due from US July 13                                                                  Dilmun Shipping Agency
1 tola                    219.000                       Nickel (per tonne)    $ 23,380.00                      SPS E G Gibbson OOCL/NVOCC due from Europe, US, Far East July 14                                              Xin Yan Tian                                CSCL due from Far East July 9
5 tola                  1,078.000                       Tin (per tonne)       $ 26,745.00                      Maersk Phuket   OOCL/NVOCC due from Europe, US, Far East July 17                                              TS Jakarta                                  Emirates due from Far East July 10
10 tola                 2,139.750                       Zinc (per tonne)       $ 2,380.00
1kg                    18,266.000                                                                              Alsharif Group                                                                                                Xin Tian Jin                                Emirates due from Far East July 10
1kg silver                442.500                       BOMBAY                                                 TS Qingdao      TS Line due from Far East July 9                                                              Bunga Raya Lapan                            Misc due from Far East July 12
1/2kg silver              221.750                       Gold 24K (per gram)    Rs2,182.00                      Al Farahidi     Hanjin due from Europe July 9                                                                 Xin Yan Tai                                 CSCL due from Far East July 16
                                                        Gold 22K (per gram)    Rs2,040.00                      Xin Da Lian     Hanjin due from Far East July 9                                                               TS Tokyo                                    Emirates due from Far East July 17
•   Courtesy Bahrain Express                            Gold (10g)            Rs21,720.00                      Asir            Hanjin due from USA July 9                                                                    Xin Yan Tian                                Emirates due from Far East July 17
Exchange Tel: 17-275-275                                Silver (1kg)          Rs52,415.00                      Hanjin Belawan  Hanjin due from Inter Gulf July 9                                                             Bunga Raya Lima                             Misc due from Far East July 19

								
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