Docstoc

page26 - Download Now PDF - PDF

Document Sample
page26 - Download Now PDF - PDF Powered By Docstoc
						   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

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:2
posted:4/9/2012
language:
pages:1