Sensex snaps losing run

					24      Gulf Daily News Wednesday, 22nd June 2011




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                            CURRENCIES                                                                                   Bahrain Bourse                                                                                                                           Total number of shares traded.... 1,131,853
                                                                                                                                                                                                                                                                  Total value of shares trades ...... BD217,947

  Exchange Rates
                                                                                                               PRICES at the close of trading yesterday:                                                                            SERVICES SECTOR
 COUNTRY                                        SELL CASH                      SELL DRAFT                      BAHRAIN ALL SHARE INDEX ................... 1,340.45 ............................-2.82                               Bahrain Ship Repairing and Engineering Co .... 1.700 ....................................
                                                                                                               Company ............................................. Share Prices ............ Change + or -                        Bahrain Car Park Company .............................. 0.179 ....................................
 AUSTRALIA (Dollar)                                    0.4065                       0.4035                     BANKS SECTOR                                                                                                         Bahrain Cinema Company ................................ 0.792 ....................................
 BANGLADESH (Taka)                                   0.00531                       0.00509                     Ahli United Bank .............................................. $0.725 ....................................          Bahrain Duty Free Shop Complex .................... 0.680 .........................+0.005
 CANADA (Dollar)                                       0.3935                       0.3895                     Al Salam Bank (Salam) ..................................... 0.051 ....................................               Bahrain Maritime and Mercantile Intl................. 0.565 ....................................
                                                                                                               Bahrain Islamic Bank......................................... 0.104 ..........................-0.001                 Bahrain Telecommunications Company ............ 0.444 ..........................-0.004
 CHINA (Yuan)                                               -                            -                     BBK ................................................................... 0.418 ....................................   General Trading and Food Processing Co ........ 0.244 ....................................
 DENMARK                                               0.0756                            -                     Ithmaar Bank ................................................... $0.085 ..........................-0.005             Nass Corporation BSC ...................................... 0.160 ....................................
                                                                                                               Khaleeji Commercial Bank (KHCB) ................... 0.040 ..........................-0.001                           Seef Properties BSC ......................................... 0.092 ....................................
 EGYPT (Pound)                                         0.0664                       0.0640                     National Bank of Bahrain .................................. 0.585 ....................................               Sudan Telecommunications Company .............. $1.75
 EUROPEAN UNION (Euro)                                 0.5485                       0.5460                     The Bahraini Saudi Bank .................................. 0.065 ....................................                INSURANCE SECTOR
 HONG KONG (Dollar)                                  0.04962                                                   Bank Muscat...................................................... 0.824                                              Al Ahlia Insurance Company ............................. 0.356 ....................................
                                                                                                               BANKS INVEST SECTOR                                                                                                  Arab Insurance Group (ARIG) ......................... $0.520 ..........................-0.055
 INDIA (Rupee)                                       0.00853                           0.00852                 Al Baraka Banking Group BSC ....................... $1.140 ..........................-0.010                          Bahrain Kuwait Insurance Company ................. 0.670 ....................................
 INDONESIA (Rupiah)                              0.00004618                                                    Arab Banking Corporation ................................. 0.510 ....................................                Bahrain National Holding................................... 0.410 ....................................
                                                                                                               Bahrain Commercial Facilities Co ..................... 0.420 ....................................                    Takaful International Company .......................... 0.290
 IRAN (Tuman)                                    0.00032261                                  -                 Bahrain Middle East Bank ................................. 0.075 ....................................                HOTEL SECTOR
 IRAQ (Dinar)                                       0.000323                                 -                 Gulf Finance House......................................... $0.445 ....................................              Bahrain Family Leisure Company ..................... 0.107 ....................................
 JAPAN (Yen)                                        0.004860                          0.004790                 Gulf Monetary Group ......................................... 0.035 ....................................             Bahrain Tourism Company ................................ 0.320 ....................................
                                                                                                               Inovest BSC .................................................... $0.320 ....................................         Banader ............................................................. 0.078 ....................................
 JORDAN (Dinar)                                        0.5351                                                  Investcorp Bank.......................................... $1,138.50 ....................................             Gulf Hotels Group.............................................. 0.795 ....................................
 KOREA (Won)                                     0.00039912                                                    TAIB Bank........................................................ $2.730 ....................................        National Hotels Company.................................. 0.445 ....................................
                                                                                                               United Gulf Bank ............................................... 0.420 .........................+0.006               INDUSTRIES SECTOR
 KUWAIT (Dinar)                                        1.3800                             1.380                United Gulf Industries Corp ................................0.114 ....................................               Bahrain Flour Mills Company ............................ 0.400 ....................................
 MALAYSIA (Ringgit)                                 0.127700                            0.1277                 INVESTMENT SECTOR                                                                                                    Delmon Poultry Company ................................. 0.215 ....................................
 MALTA (Lira)                                               -                                 -                AUB Preference A ........................................... $0.400 ....................................             IPO
                                                                                                               Esterad Investment Company ........................... 0.148 ....................................                    Aluminum Bahrain BSC..................................... 0.900 ....................................
 NEW ZEALAND (Dollar)                                  0.3105                           0.3095                 Global Investment House .................................. 0.150 ....................................                CLOSED COMPANY SECTOR
 NORWAY (Krone)                                       0.0704                                  -                International Investment Group ......................... 0.301 ....................................                  Securities & Investment Co (Sico) .................... 0.310
                                                                                                               United Finance Company SAOG ...................... $0.37 ....................................                        United Paper Industries BSC (UPI) ................... 0.420 ....................................
 N. Yemen (Riyal)                                           -                                 -



                                                                                                                    Sensex snaps losing run
 NEPAL (Rupee)                                       0.00553                           0.00531
 OMAN (Riyal)                                        0.98000
 PAKISTAN (Rupee)                                    0.00454                           0.00441
 PHILIPPINES (Peso)                                  0.00898                           0.00869
 QATAR (Riyal)                                       0.10379                           0.10374                     MUMBAI: The BSE Sensex                                    nents rose.                      jitters India may slap taxes on                                               interest rates are weighing on
 SAUDI ARABIA (Riyal)                                0.10058                           0.10065                     nudged higher for the first time                             Ò There is no incremental investments from companies or                                                     banking and auto sector. Other
 SINGAPORE                                            0.3089                            0.3079                     in four sessions yesterday,                               buying happening. People are funds registered in Mauritius, a                                                  sectors are hit as well as loans
 SOUTH AFRICA (Rand)                                 0.05780                           0.05770                     largely helped by gains in beat-                          either selling or churning their popular route for portfolio                                                   get expensive,Ó Singal said.
 SRI LANKA (Rupee)                                   0.00360
                                                                                                                   en-down energy giant Reliance                             portfolio,Ó said Sandeep Singal, inflows.                                                                         GreeceÕ s debt woes has also
                                                                                                                   Industries and export-driven                              co-head of institution-                        Finance Minister                                                reduced global risk appetite and
 SWEDEN (Krona)                                       0.0622                                  -
                                                                                                                   software firms following firmer                           al equities at Emkay                        Pranab Mukherjee                                                   triggered outflows from emerg-
 SWITZERLAND (Franc)                                  0.4558                             0.4528                    world markets.                                            Global       Financial BOMBAY said yesterday the                                                               ing market equities.
 SYRIA (Pound)                                     0.007720                                   -                       Investors were unconvinced                             Services.                                   country has resumed                                                   Software services companies
 TAIWAN (Dollar)                                   0.013500                                   -                    the market could sustain the                                  Ò We could face a                       talks with Mauritius                                               that get most of their revenue
 THAILAND (Baht)                                   0.012590                           0.012500                     rise, given stubbornly high                               funnel effect going STOCKS on reviewing a double                                                               from exports gained, with Tata
 TURKEY (Lira)                                        0.2477                                  -                    inflation, rising interest rates                          ahead,Ó he said, add-                       taxation avoidance                                                 Consultancy Services (TCS)
 UK (Sterling)                                        0.6200                             0.6175                    and slowing growth, traders                               ing slowing sales                           agreement.                                                         rising 3.5pc after issuing a
                                                                                                                   said.                                                     growth could squeeze earnings.       Foreign funds have dumped                                                 rebuttal to a CLSA downgrade.
 UAE (Dirham)                                      0.102800                           0.102800
                                                                                                                      The 30-share BSE index                                      The benchmark index had around $410 million of shares                                                        Ò On the matter of macro wor-
 USA (Dollar)                                        0.37760                           0.37800                     closed up 0.31 per cent or 53.67                          dropped more than 2pc on in six sessions to June 17, as the                                                    ries, we are not seeing any
 Rates are in Bahraini dinars at 17.00 local time, Tuesday. Rates are                                              points at 17,560.30 points, par-                          Monday to its lowest close in near-term market prospects                                                       weakening of demand. Clients
 indications only. For firm rates or for currencies not listed above                                               ing gains of more than 1pc at                             four months, extending last looked bleak.                                                                      continue to fund new projects
 please call Bahrain Financing Company. Telephone: 17228888,                                                       one stage. Half of its compo-                             weekÕ s 2.2pc slide, on investor     Ò Macro headwinds, rising                                                 and ramp-ups are proceeding
 Website: www.bfc.com.bh.                                                                                                                                                                                                                                                                   smoothly,Ó TCS said in a mail
                                                                                                                                                                                                                                                                                            to investors in a rare response to
 Gulf Interbank Rates                                                                                                                                                                                                                                                                       change in brokerage ratings.
                                                                                                                                                                      D                                                                                                                         Rival Infosys Technologies
                        1 US$                1 UK Stg                 1 SFR               100 Yen
                                                                                                                                                                      I                                                                                                                     firmed 0.7pc.
 BAHRAIN                0.3770                  0.6119                0.4477               0.4710                                                                                                                                                                                               On Monday, CLSA had
 KUWAIT                 0.2855                 0.4634                 0.3391               0.3567                                                                     L                                                                                                                     downgraded TCS and Infosys
 OMAN                   0.3849                 0.6247                 0.4571               0.4808
                                                                                                                                                                      B                                                                                                                     to Ò underperformÓ from Ò out-
 QATAR                  3.6420                  5.9110                4.3254               4.5497                                                                                                                                                                                           performÓ , citing weaker reve-
 UAE                    3.6730                 5.9613                 4.3622               4.5884                                                                     E                                                                                                                     nue outlook and travel visa
 SAUDI                  3.7500                 6.0863                 4.4537               4.6846                                                                     R                                                                                                                     issues. It also downgraded the
                                                                                                                                                                                                                                                                                            software sector to Ò under-
                Dollar                                                                                                                                                T                                                                                                                     weightÓ from Ò neutralÓ .
                 Currency                            June 21                                  Prev
                 Euro                                $1.4397                               $1.4304
                 Yen
                 Swiss francs
                 Canadian dollars
                                                         80.1
                                                      0.8418
                                                      0.9725
                                                                                             80.23
                                                                                            0.8445
                                                                                            0.9796
                                                                                                                                                                   SHIPPING
                 Pound                                1.6224                                1.6187
                                                                                                               Almoayed Wilhelmsen                                                                                                  Gulf Agency Company
                                                                                                               Imports                                                                                                              CSAV Pyrenees                              CSAV/NOR due from Europe June 24
Oil                                                                                                            SPS Eric G Gibbsom OOCL/NVOCC due from Europe, US, Far East today
                                                                                                               APL Liberty        OOCL/NVOCC due from Europe, US, Far East June 24
                                                                                                                                                                                                                                    CSAV Cantbrian
                                                                                                                                                                                                                                    International Agencies Co
                                                                                                                                                                                                                                                                               CSAV/NOR due from Europe June 29

                                                                                                               Capt Kattelmann    OOCL/NVOCC due from Europe, US, Far East June 24                                                  Bux Melody                                 EMC due from Southeast Asia June 25
Oil delivery prices (in dollars per barrel)                                                                    Sagamore           OOCL/NVOCC due from Europe, US, Far East June 25                                                  Sunny Oasis                                EMC due from Far East June 25
                                                                                                   June 21     Maersk Phuket      OOCL/NVOCC due from Europe, US, Far East June 27                                                  Sima Paya                                  Simatech due from Inter Gulf June 27
                                                                                                     (close)   Sima Paya          OOCL/NVOCC due from Europe, US, Far East June 27                                                  CMA CGM Vela                               ANL due from Europe June 28
IPE Brent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $110.95    Exports                                                                                                              CMA CGM Almaviva                           ANL due from Mediterranean June 28
                                                                                                               Al Ihsa’a          OOCL to Far East, China, Southeast Asia, Inter                                                    CSCL Asia                                  ANL due from China June 28
Nymex crude . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $93.40                          Gulf tomorrow                                                                                     Maersk, Kanoo
                                                                                                               Alsharif Group                                                                                                       Maersk Avon                                Maersk due from Jebel Ali June 26
GOLD                                                                                                           STX Alpha
                                                                                                               Athens Highway
                                                                                                                                  STX Pan Ocean due from Far East today
                                                                                                                                  K-Line due from Japan/Far East June 25
                                                                                                                                                                                                                                    National Shipping
                                                                                                                                                                                                                                    MSC Paloma                                 MSC due from Europe, Mediterranean                       today
                                                                                                               Fowairet           Hanjin due from Europe June 25                                                                    MSC Faustina                               MSC due from Europe, Mediterranean                       today
Gold bars                  Selling
    Rates are in Bahrain Dinars                          Metal Prices                                          Xin Qing Dao       Hanjin due from Far East June 25
                                                                                                               Hanjin Los Angeles Hanjin due from USA June 25
                                                                                                                                                                                                                                    MSC Sola
                                                                                                                                                                                                                                    MSC America
                                                                                                                                                                                                                                                                               MSC due from Far East today
                                                                                                                                                                                                                                                                               MSC due from Far East today
8gm coin 22k              142.000                                                                              Hanjin Belawan     Hanjin due from Inter Gulf June 25                                                                MSC Imma                                   MSC due from Inter Gulf today
8gm coin 21k              137.000                       LONDON MARKETS                                         TS Pusan           TS Line due from Far East June 26                                                                 Jin He                                     Cosco due from Far East June 24
1gm (24 carat)             21.500                       Gold (per ounce)        $1,544.09                      UASC Dammam        Hanjin due from Europe July 2                                                                     Decretive                                  HDSL due from Far East June 25
2.5gm                      51.250                       Silver (per ounce)         $36.29                      Xin Xia Men        Hanjin due from Far East July 2                                                                   Tandis                                     HDSL due from Far East June 25
5gm                        97.750                       Palladium                $758.72                       Al Abdali          Hanjin due from USA July 2                                                                        YM Eternity                                YML due from Far East June 26
10gm                      192.000                       Platinum                $1,741.49                      Hanjin Belawan     Hanjin due from Inter Gulf July 2                                                                 MSC Camille                                MSC due from Europe, Mediterranean                       June 29
20gm                      381.500                        (Three-month delivery)                                TS Qingdao         TS Line due from Far East July 9                                                                  MSC Genova                                 MSC due from Europe, Mediterranean                       June 29
50gm                      946.000                       Aluminium ($ per tonne) 2,555.00                       Al Farahidi        Hanjin due from Europe July 9                                                                     MSC Susanna                                MSC due from Far East June 29
100gm                   1,885.500                       Copper ($ per tonne)     9,124.00                      APL, Bahrain                                                                                                         MSC Paola                                  MSC due from Far East June 29
1 ounce                   590.250                       Lead (per tonne)       $ 2,480.00                      APL Liberty        APL due from Dammam tomorrow                                                                      Melina                                     MSC due from Far East June 29
1 tola                    223.500                       Nickel (per tonne)    $ 22,090.00                      Dilmun Shipping Agency                                                                                               AS Poseidon                                MSC due from Inter Gulf June 29
5 tola                  1,100.750                       Tin (per tonne)       $ 25,300.00                      CSCL Asia          CSCL due from Far East June 25                                                                    Ital Laguna                                Cosco due from Far East July 1
10 tola                 2,184.000                       Zinc (per tonne)       $ 2,225.00                      TS Pusan           Emirates due from Far East June 26                                                                Sunny Oasis                                Cosco due from Far East July 1
1kg                    18,652.250                                                                              Bunga Raya Empat Misc due from Far East June 28                                                                      Tuchal                                     HDSL due from Far East July 2
1kg silver                460.750                       BOMBAY
                                                                                                               Bunga Seroja Satu CSCL due from Far East July 2                                                                      Valili                                     HDSL due from Far East July 2
1/2kg silver              229.000                       Gold 24K (per gram) Rs2,269.00                         TS Qingdao         Emirates due from Far East July 3                                                                 Hadis                                      HDSL due from Far East July 2
                                                        Gold 22K (per gram) Rs2,122.00                         Praia              Misc due from Far East July 5                                                                     Yusuf bin Ahmed Kanoo
    • Courtesy Bahrain Express                          Gold (10g)           Rs22,485.00                       Xin Yan Tian       CSCL due from Far East July 9                                                                     APL Liberty                                MOL due from Dammam tomorrow
     Exchange Tel: 17-275-275                           Silver (1kg)         Rs54,015.00                       TS Jakarta         Emirates due from Far East July 10                                                                MOL Priority                               MOL due from Dammam June 30

				
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posted:6/24/2011
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