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26 Gulf Daily News Monday, 2nd April 2012
CURRENCIES
Exchange Rates
COUNTRY SELL CASH SELL DRAFT
essential guide to local and world markets
AUSTRALIA (Dollar) 0.3982 0.3952
BANGLADESH (Taka)
CANADA (Dollar)
0.00484
0.3858
0.00462
0.3818
Bahrain Bourse Total number of shares traded
Total value of shares trades
689,098
BD30,316.770
CHINA (Yuan) 0.061100 0.0611
DENMARK 0.0708 - PRICES at the close of trading yesterday: SERVICES SECTOR
BAHRAIN ALL SHARE INDEX 1,152.45 0.00 Bahrain Ship Repairing and Engineering Co 1.511
EGYPT (Pound) 0.0642 0.0630 Company Share Prices Change + or - Bahrain Car Park Company 0.160
BANKS SECTOR Bahrain Cinema Company 0.780
EUROPEAN UNION (Euro) 0.5105 0.5080 Ahli United Bank $0.633 Bahrain Duty Free Shop Complex 0.670
HONG KONG (Dollar) 0.04980 0.04940 Al Salam Bank (Salam) 0.048 Bahrain Maritime and Mercantile Intl 0.550
Bahrain Islamic Bank 0.090 Bahrain Telecommunications Company 0.434
INDIA (Rupee) 0.00769 0.00753 BBK 0.420 General Trading and Food Processing Co 0.260
Ithmaar Bank $0.090 Nass Corporation BSC 0.151
INDONESIA (Rupiah) 0.00004279 - Khaleeji Commercial Bank (KHCB) 0.041 Seef Properties BSC 0.102
IRAN (Tuman) 0.00021967 - National Bank of Bahrain 0.570 Sudan Telecommunications Company $1.75
The Bahraini Saudi Bank 0.071 INSURANCE SECTOR
IRAQ (Dinar) 0.000315 - Bank Muscat 0.824 Al Ahlia Insurance Company 0.310
BANKS INVEST SECTOR Arab Insurance Group (ARIG) $0.430
JAPAN (Yen) 0.004710 0.004640
Al Baraka Banking Group BSC $0.930 Bahrain Kuwait Insurance Company 0.555
JORDAN (Dinar) 0.5343 0.5350 Arab Banking Corporation 0.420 Bahrain National Holding 0.398
Bahrain Commercial Facilities Co 0.424 Takaful International Company 0.290
KOREA (Won) 0.00038338 Bahrain Middle East Bank 0.066 HOTEL SECTOR
KUWAIT (Dinar) 1.3630 1.363 Gulf Finance House $0.250 Bahrain Family Leisure Company 0.105
Gulf Monetary Group 0.035 Bahrain Tourism Company 0.286
MALAYSIA (Ringgit) 0.125200 0.1252 Inovest BSC $0.320 Banader 0.060
Investcorp Bank $796.950 Gulf Hotels Group 0.720
MALTA (Lira) - - TAIB Bank $2.730 National Hotels Company 0.445
NEW ZEALAND (Dollar) 0.3136 0.3126 United Gulf Bank 0.304 INDUSTRIES SECTOR
United Gulf Industries Corp 0.161 Bahrain Flour Mills Company 0.366
NORWAY (Krone) 0.0684 - INVESTMENT SECTOR Delmon Poultry Company 0.224
AUB Preference A $0.400 IPO
N. Yemen (Riyal) - - Esterad Investment Company 0.130 Aluminum Bahrain BSC 0.575
NEPAL (Rupee) 0.00538 0.00467 Global Investment House 0.150 CLOSED COMPANY SECTOR
International Investment Group 0.301 Securities & Investment Co (Sico) 0.310
OMAN (Riyal) 0.98000 0.98300 United Finance Company SAOG $0.37 United Paper Industries BSC (UPI) 0.420
Deficit threat to Turkey growth
PAKISTAN (Rupee) 0.00426 0.00417
PHILIPPINES (Peso) 0.00924 0.00881
QATAR (Riyal) 0.10379 0.10374
SAUDI ARABIA (Riyal) 0.10062 0.10065
ANKARA: The stellar growth Turkey has Finansbank chief economist Inan Demir. widened due to rapidly rising domestic
SINGAPORE 0.3034 0.3024 enjoyed over the past two years may soon Turkey’s current account deficit – the demand, suggesting that “a period of weak-
SOUTH AFRICA (Rand) 0.05100 0.05100 come to a swift end, analysts warn, as the broadest measure of trade with the rest of er domestic demand is needed to put the
SRI LANKA (Rupee) 0.00330 0.00299 country’s economy shows signs of over- the world – has jumped to 10pc of overall current account on a sustainable footing.”
heating. economic output. At this level it is worse Standard and Poor’s ratings agency
SWEDEN (Krona) 0.0601 - Turkish government officials still paint than several euro zone countries struck by warned recently the high current account
SWITZERLAND (Franc) 0.4265 0.4235 a rosy picture about the state of economy, the debt crisis, sparking concerns among deficit makes it “vulnerable to sudden
SYRIA (Pound) 0.005570 0.0056 but the country’s widening current economists and analysts. financial account outflows and external
account deficit is an Achilles heel that “What is more, over the past two years, refinancing risks.”
TAIWAN (Dollar) 0.013300 - leaves it vulnerable to global financial the current account deficit has mostly While global markets rebounded in the
THAILAND (Baht) 0.012480 0.012400 turbulence. been financed with short term borrowing, first couple of months of 2012 amid a lull
TURKEY (Lira) 0.2184 - At the crossroads of Europe and the which means Turkey is facing a heavy in the euro zone debt crisis, shares have
Middle East, Turkey has benefitted from a external debt service burden (to the tune slumped in recent weeks on concerns
UK (Sterling) 0.6115 0.6090 boom in foreign investment and trade, and of $135 billion, 101bn euros) over the about global growth prospects.
UAE (Dirham) 0.102800 0.102800 has been one of the engines of global next 12 months,” warned Demir. Capital Economics said
growth over the last two years. Turkey’s current account def- appe-
“signs that investor risk appe
USA (Dollar) 0.37800 0.37800
It posted 8.9 per cent growth in 2010 – icit, which surged from just IN FOCUS tite is starting to weaken have
Rates are in Bahraini dinars at 17.00 local time, Saturday. Rates are one of the highest in the world – and the over 2pc of GDP in 2009, is raised fresh concerns about the
indications only. For firm rates or for currencies not listed above please OECD expects it to have grown by 7.4 partially due to the rise in oil prices, difficulty of attracting capital inflows to
last year. according to William Jackson, emerging fund the current account deficit.”
call Bahrain Financing Company. Telephone: 17228888, Website:
www.bfc.com.bh.
And it’s setting sights high to join the markets economist at Capital Economics. Turkey is not alone as the other emerg-
ranks of the world’s top 10 economies by “Since Turkey is a large net oil import- ing markets which have driven growth in
2023, from 17th place currently. er, it is clearly worse off from higher oil past years are also slowing down – anoth-
Gulf Interbank Rates But analysts warn the current growth prices,” he said. er worrying sign for the global economy.
1 US$ 1 UK Stg 1 SFR 100 Yen rate is unlikely to last. Turkey’s net energy imports were China, the second-biggest economy in
BAHRAIN 0.3770 0.6004 0.4180 0.4586
“What GDP growth rates don’t reveal is equivalent to around 6pc of GDP in 2011 the world, has cut its 2012 growth target
KUWAIT
that the Turkish economy is now over- – accounting for over half of the total cur- to 7.5pc from a previous estimate of 8pc,
heating,” said Capital Economics econo- rent account deficit of 10pc of GDP. as it swung into a trade deficit of $31.48bn
0.2855 0.4547 0.3165 0.3473
OMAN 0.3849 0.6130 0.4267 0.4682
mist Neil Shearing. But there is more to Turkey’s current in February.
QATAR 3.6420 5.8002 4.0377 4.4307
The fast economic growth of the past account shortfall than simply the high cost The Turkish government forecasts 4pc
UAE 3.6730 5.8495 4.0721 4.4684 two years “was accompanied by a rapid of energy imports, according to Jackson. growth in 2012 owing to the effects of the
SAUDI 3.7500 5.9722 4.1574 4.5620 widening of the current account deficit,” The economist said the deficit has also euro zone crisis, but is confident that the
predicted slowdown will be
GOLD short-term.
D But BNP Paribas said despite
Gold bars Selling 1 ounce 638.000
I Turkey’s hopes for a soft landing,
Rates are in Bahrain Dinars 1 tola 241.500 the imbalances inherited from
8gm coin 22k
8gm coin 21k
156.000
150.000
2 tola
5 tola
479.500
1,190.500
L 2011 including double-digit
1gm (24 carat) 23.500 10 tola 2,366.500 B inflation and current account
2.5gm 55.000 1kg 20,195.500 deficit limit the authorities’ room
5gm 106.000 1kg silver 408.500 E for manoeuvre in 2012.
10gm 208.000 1/2kg silver 202.000 R “Thus Turkey will remain vul-
20gm 412.000 nerable to changes in global risk
50gm 1,023.000 • Courtesy Bahrain Express T sentiment,” it warned in its
100gm 2,040.000 Exchange Tel: 17-275-275 Global Outlook report 2012.
SHIPPING
Almoayed Wilhelmsen Pacific Highway K Line due from Japan, Far East April 8 Maersk, Kanoo
Imports Ivory Arrow K Line due from Japan, Far East April 12 Maersk Wellington Maersk due Jebel Ali April 8
Castor OOCL/NVOCC due from Europe, US, Far East April 4 Al Bahia Hanjin due from Far East April 12 Maersk Wellington Maersk due Jebel Ali April 15
Sagamore OOCL/NVOCC due from Europe, US, Far East April 5 Al Rawdah Hanjin due from Far East April 12 Maersk Wellington Maersk due Jebel Ali April 22
APL Tokyo OOCL/NVOCC due from Europe, US, Far East April 7 Hanjin Bremerhaven Hanjin due from Far East April 12 National Shipping
MOL Priority OOCL/NVOCC due from Europe, US, Far East April 7 Al Farahidi Hanjin due from Europe April 12 Cosco Korea Cosco due from Far East tomorrow
Maersk Wellington OOCL/NVOCC due from Europe, US, Far East April 8 APL Bahrain YM Success YML due from Far East April 4
Bux Crown OOCL/NVOCC due from Europe, US, Far East April 9 Frida Schulte APL due from Umm Qasr today Marisol HDSL due from Far East April 5
Sagamore OOCL/NVOCC due from Europe, US, Far East April 10 Sagamore APL due from Doha April 5 MSC Danit MSC due from Europe, Mediterranean April 6
Castor OOCL/NVOCC due from Europe, US, Far East April 11 APL Precision APL due from Dammam April 7 MSC Fillippa MSC due from Europe, Mediterranean April 6
HR Intonation Flamar due from Europe, Far East April 11 Frida Schulte APL due from Umm Qasr April 10 MSC Scotland MSC due from Far East April 6
Exports APL California APL due from Dammam April 14 AS Poseidon MSC due from Inter Gulf April 6
Maersk Wellington OOCL to Far East, China,South East Asia, Inter Gulf April 7 APL Tokyo APL/MOL due from Dammam April 28 OOCL Europe Cosco due from Far East April 10
Wan Hai OOCL to Far East, China,South East Asia, Inter Gulf April Dilmun Shipping Agency YM Plum YML due from Far East April 11
8 Unayzah CSCL due from Far East tomorrow Oriana HDSL due from Far East April 12
Maersk Wellington OOCL to Far East, China,South East Asia, Inter Gulf April 8 Bunga Raya Tiga Misc due from Far East April 7 Yusuf bin Ahmed Kanoo
Al Sharif Group Asian Grace Hyundai Glovis due from Far East April 9 Venus Spirit NMCC due from Doha April 5
Viking Amber K Line due from Japan, Far East today CSCL Uranus CSCL due from Far East April 10 APL Precision MOL/APL due from Dammam April 7
Xin Chi Wan Hanjin due from Far East April 5 Maersk Wave Hyundai Glovis due from Europe April 14 Alliance Norfolk Hoegh, US due from Abu Dhabi April 13
Hanjin Tianjin Hanjin due from Far East April 5 CN Don Carlos CSCL due from Far East April 17 APL California MOL/APL due from Dammam April 14
Fowairet Hanjin due from Europe April 5 Gulf Agency Company Amethyst Ace NMCC due from Doha April 14
Al Mutanabbi Hanjin due from US, Mediterranean April 5 MSC Fillippa CSA/NOR from Europe April 5 Maersk Wave Hoegh, Europe due from Dammam April 17
Hanjin Belawan Hanjin due from Inter Gulf April 5 Chaiten V. 1214 CSA/NOR from Europe April 10 Paradise Ace Hoegh, US due from Dammam April 19
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