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Rate fears hit Sensex

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					18      Gulf Daily News Tuesday, 3rd May 2011




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                           CURRENCIES                                                                                Bahrain Bourse                                                                                                                           Total number of shares traded... 2,057,347
                                                                                                                                                                                                                                                              Total value of shares trades ..... BD438,357

  Exchange Rates
                                                                                                           PRICES at the close of trading yesterday:                                                                            SERVICES SECTOR
 COUNTRY                                      SELL CASH                     SELL DRAFT                     BAHRAIN ALL SHARE INDEX ..................... 1,406.02 .........................+1.12                                Bahrain Ship Repairing and Engineering Co ............. 1.426
                                                                                                           Company ................................................Share Prices .......... Change + or -                        Bahrain Car Park Company ....................................... 0.198 ...........................
 AUSTRALIA (Dollar)                                  0.4202                      0.4172                    BANKS SECTOR                                                                                                         Bahrain Cinema Company ......................................... 0.792 ...........................
 BANGLADESH (Taka)                                 0.00533                      0.00519                    Ahli United Bank ................................................ $0.750 .......................+0.005               Bahrain Duty Free Shop Complex ............................. 0.695 ...........................
 CANADA (Dollar)                                     0.4049                      0.4009                    Al Salam Bank (Salam) ....................................... 0.063 .......................+0.001                    Bahrain Maritime and Mercantile Intl.......................... 0.565 ...........................
                                                                                                           Bahrain Islamic Bank............................................0.117 ..................................             Bahrain Telecommunications Company ..................... 0.484 ...........................
 CHINA (Yuan)                                             -                           -                    BBK ..................................................................... 0.426 ..................................   General Trading and Food Processing Co ................. 0.234 ...........................
 DENMARK                                             0.0781                           -                    Ithmaar Bank ..................................................... $0.095 ........................-0.005             Nass Corporation BSC ............................................... 0.175 ...........................
 EGYPT (Pound)                                       0.0643                      0.0641                    Khaleeji Commercial Bank (KHCB) ..................... 0.050 ..................................                       Seef Properties BSC .................................................. 0.095 ...........................
                                                                                                           National Bank of Bahrain .................................... 0.595 ..................................               Sudan Telecommunications Company ....................... $1.75
 EUROPEAN UNION (Euro)                               0.5664                      0.5639                    The Bahraini Saudi Bank .................................... 0.065 ..................................                INSURANCE SECTOR
 HONG KONG (Dollar)                                0.04977                                                 Bank Muscat........................................................ 0.824                                            Al Ahlia Insurance Company ...................................... 0.324 ...........................
                                                                                                           BANKS INVEST SECTOR                                                                                                  Arab Insurance Group (ARIG) .................................. $0.505 ...........................
 INDIA (Rupee)                                     0.00876                           0.00862               Al Baraka Banking Group BSC ......................... $1.240 ..................................                      Bahrain Kuwait Insurance Company .......................... 0.695 ...........................
 INDONESIA (Rupiah)                            0.00004561                                                  Arab Banking Corporation ................................... 0.570 ..................................                Bahrain National Holding............................................ 0.438 ...........................
 IRAN (Tuman)                                  0.00033769                                 -                Bahrain Commercial Facilities Co ....................... 0.416 ..................................                    Takaful International Company ................................... 0.290
                                                                                                           Bahrain Middle East Bank ................................... 0.075 ..................................                HOTEL SECTOR
 IRAQ (Dinar)                                     0.000325                                -                Gulf Finance House........................................... $0.125 ..................................              Bahrain Family Leisure Company .............................. 0.107 ...........................
 JAPAN (Yen)                                      0.004780                         0.004710                Gulf Monetary Group ........................................... 0.035 ..................................             Bahrain Tourism Company ......................................... 0.346 ...........................
                                                                                                           Inovest BSC ...................................................... $0.320 ..................................         Banader ...................................................................... 0.078 ...........................
 JORDAN (Dinar)                                      0.5349                                                Investcorp Bank............................................ $1,138.50 ..................................             Gulf Hotels Group....................................................... 0.795 ...........................
 KOREA (Won)                                   0.00040404                                                  TAIB Bank.......................................................... $2.730 ..................................        National Hotels Company........................................... 0.445 ...........................
 KUWAIT (Dinar)                                      1.3790                            1.379               United Gulf Bank ................................................. 0.406 ..................................          INDUSTRIES SECTOR
                                                                                                           United Gulf Industries Corp ..................................0.114 ..................................               Bahrain Flour Mills Company ..................................... 0.400 ...........................
 MALAYSIA (Ringgit)                               0.129800                            0.1298               INVESTMENT SECTOR                                                                                                    Delmon Poultry Company .......................................... 0.215 ...........................
 MALTA (Lira)                                             -                                -               AUB Preference A ............................................... $0.43 ..................................            IPO
                                                                                                           Esterad Investment Company ............................. 0.196 ........................-0.004                        Aluminum Bahrain BSC.............................................. 0.900 ...........................
 NEW ZEALAND (Dollar)                                0.3090                           0.3080
                                                                                                           Global Investment House .................................... 0.150 ..................................                CLOSED COMPANY SECTOR
 NORWAY (Krone)                                      0.0738                                -               International Investment Group ........................... 0.301 ..................................                  Securities & Investment Co (Sico) ............................. 0.310
 N. Yemen (Riyal)                                         -                                -               United Finance Company SAOG ........................ $0.37 ..................................                        United Paper Industries BSC (UPI) ............................ 0.420 ...........................




                                                                                                                 Rate fears hit Sensex
 NEPAL (Rupee)                                     0.00553                           0.00538
 OMAN (Riyal)                                      0.98000
 PAKISTAN (Rupee)                                  0.00458                           0.00448
 PHILIPPINES (Peso)                                0.00905                           0.00886
 QATAR (Riyal)                                     0.10379                           0.10374                   MUMBAI: The BSE Sensex                                    removed uncertainties around components closing in the red.                                                    maintained its strong rate of
 SAUDI ARABIA (Riyal)                              0.10058                           0.10065                   dropped for the sixth straight ses-                       the succession plan.                  The 50-share NSE index fell                                              expansion in April, helped by
 SINGAPORE                                           0.3116                           0.3106                   sion yesterday, with banking                                 Ò The mood is very cautious,Ó 0.84pc to 5,701.30 points.                                                    higher output and employment,
 SOUTH AFRICA (Rand)                               0.05930                           0.05920                   stocks leading the losses, as                             said Rajesh Agarwal, head of          The main index has fallen in                                             a survey showed yesterday, rein-
 SRI LANKA (Rupee)                                 0.00364                                                     investors braced for another round                        research at Eastern Financiers, three out of the past four months                                              forcing expectations for more
 SWEDEN (Krona)                                      0.0657                                -
                                                                                                               of interest rate increase at the                          referring to the RBIÕ s                       this year and is down                                            interest rate increases.
                                                                                                               Reserve Bank of IndiaÕ s (RBI)                            meeting. Ò What hap-                          7.4pc on the year. It                                               Shares in other state-run lend-
                                                                                                               annual policy statement today.                            pens in the market in                                                                                          ers Canara Bank and Punjab
                                                                                                                                                                                                     BOMBAY fell 1.6pc in April.
 SWITZERLAND (Franc)                                 0.4439                           0.4409
 SYRIA (Pound)                                    0.007760                                 -                      Top lender State Bank of                               next 4-6 weeks will be                           Foreign funds, which                                          National Bank dropped 5.2pc
 TAIWAN (Dollar)                                  0.013700                                 -                   India fell four per cent as                               determined tomor-                             had been net sellers in                                          and 2.8pc, respectively. The
 THAILAND (Baht)                                  0.012850                         0.012800                    Morgan Stanley downgraded it                              row.Ó                                         January and February,                                            banking sector index closed
 TURKEY (Lira)                                       0.2549                                -                   along with some other state-run                              The RBI on Monday STOCKS have bought a total of                                                             2.1pc lower.
 UK (Sterling)                                       0.6385                           0.6360                   banks, citing pressure on the                             warned that persistent-                       around $3.2 billion in                                              Ò There is some nervousness
 UAE (Dirham)                                     0.102800                         0.102800
                                                                                                               lendersÕ net interest margins.                            ly high inflation poses                       the past two months.                                             in the markets ahead of the rate
                                                                                                                  Shares in Infosys closed                               a risk to sustaining growth, rein-    Headline inflation in India                                              decision. People are getting
 USA (Dollar)                                      0.37760                          0.37800
                                                                                                               0.6pc higher, after the countryÕ s                        forcing expectations that it will surged to nearly 9pc in March,                                               worried about the net interest
 Rates are in Bahraini dinars at 17.00 local time, Monday. Rates are                                           second-largest software services                          lift interest rates by at least 25 far above forecasts, adding pres-                                           rates and asset quality of the
 indications only. For firm rates or for currencies not listed above
                                                                                                               exporter announced top-level                              basis points.                      sure on the RBI to further tight-                                           banks if the interest rates keep
 please call Bahrain Financing Company. Telephone: 17228888,
                                                                                                               management changes linked to                                  The 30-share main BSE index en policy despite raising rates                                                rising,Ó said Neeraj Dewan,
 Website: www.bfc.com.bh.
                                                                                                               the pending retirement of its                             closed 0.72pc, or 137.94 points eight times since March 2010.                                                  director of Quantum Securities.
                                                                                                               chairman, which analysts said                             lower at 18,998.02, with 22 of its    IndiaÕ s manufacturing sector                                                Infosys gained 16.3 rupees to
 Gulf Interbank Rates                                                                                                                                                                                                                                                                   close at 2,922.55 rupees.
                                                                                                                                                                                                                                                                                            Goldman Sachs said in a
                         1 US$             1 UK Stg                1 SFR              100 Yen                                                                     D                                                                                                                     research note the uncertainty
                                                                                                                                                                                                                                                                                        surrounding the management
 BAHRAIN
 KUWAIT
                         0.3770
                         0.2855
                                             0.6304
                                             0.4774
                                                                   0.4358
                                                                   0.3301
                                                                                       0.4631
                                                                                       0.3507
                                                                                                                                                                  I                                                                                                                     restructuring at Infosys was
 OMAN                    0.3849              0.6436                0.4450              0.4729                                                                     L                                                                                                                     over, with the management now
                                                                                                                                                                                                                                                                                        increasing its focus on execut-
 QATAR                   3.6420              6.0902                4.2104              4.4742
                                                                                                                                                                  B                                                                                                                     ing the new strategy.
 UAE                     3.6730              6.1420                4.2462              4.5123
                                                                                                                                                                  E                                                                                                                         In the broader market, there
 SAUDI                   3.7500              6.2708                4.3353              4.6069
                                                                                                                                                                                                                                                                                        were more than two losers for
                                                                                                                                                                  R                                                                                                                     every gainer, with about 488m
                Dollar                                                                                                                                            T                                                                                                                     shares traded on the NSE.
                Currency                              May 2                                Prev
                Euro                                 $1.4877                            $1.4808
                Yen                                    81.12                              81.25
                Swiss francs
                Canadian dollars
                                                      0.8639
                                                       0.949
                                                                                         0.8642
                                                                                         0.9462                                                                SHIPPING
                Pound                                 1.6689                             1.6696
                                                                                                           Almoayed Wilhelmsen                                                                                                  Gulf Agency Company
                                                                                                           Imports                                                                                                              CSAV Cantabrian                       CSAV/NOR due from Europe tomorrow
Oil                                                                                                        APL Tokyo
                                                                                                           Maersk Avon
                                                                                                                              OOCL/NVOCC due from Europe, US, Far East May 5
                                                                                                                              OOCL/NVOCC due from Europe, US, Far East May 8
                                                                                                                                                                                                                                Positive Pioneer
                                                                                                                                                                                                                                Hyundai Highness
                                                                                                                                                                                                                                                                      NYK CAR due from Far East May 5
                                                                                                                                                                                                                                                                      NYK due from Far East May 5
                                                                                                           Resolve            WWL due from US, Jebel Ali May 8                                                                  Petrhue                               CSAV/NOR due from Far East May 5
Oil delivery prices (in dollars per barrel)                                                                Grand Pearl        NMT/ WWL due from US, Jebel Ali May 8                                                             Horizon Leader                        NYK CAR due from Europe May 7
                                                                                                  May 2    Morning Celine     WWL due from US, Jebel Ali May 8                                                                  Posidon Leader                        NYK CAR due from Europe May 8
                                                                                                 (close)   Sima Paya          OOCL/NVOCC due from Europe, US, Far East May 9                                                    Hyundai Independence                  NYK due from Far East May 9
Nymex crude . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $113.52    Captain Kattelmann OOCL/NVOCC due from Europe, US, Far East May 10                                                   CSAV Appennini                        CSAV/NOR due from Europe May 11
                                                                                                           APL Liberty        OOCL/NVOCC due from Europe, US, Far East May 12                                                   Maule                                 CSAV/NOR due from Far East May 13
                                                                                                           Maersk Avon        OOCL/NVOCC due from Europe, US, Far East May 15                                                   Kyoto Express                         NYK due from Europe May 14
GOLD                                                                                                       Exports
                                                                                                           Al Ihsa’a          OOCL to Far East, China, Southeast Asia, Inter Gulf
                                                                                                                                                                                                                                Hyundai General
                                                                                                                                                                                                                                Pucon
                                                                                                                                                                                                                                                                      NYK due from Far East May 19
                                                                                                                                                                                                                                                                      CSAV/NOR due from Far East May 19
                                                                                                                              May 9                                                                                             Kaethe Rickmers                       CSAV/NOR due from Europe May 19
Gold bars                   Selling
    Rates are in Bahrain Dinars                        Metal Prices                                        Alsharif Group
                                                                                                           UASC Doha          Hanjin due from Europe May 5
                                                                                                                                                                                                                                Victory Leader
                                                                                                                                                                                                                                Cronus Leadr
                                                                                                                                                                                                                                                                      NYK CAR due from Europe May 20
                                                                                                                                                                                                                                                                      NYK CAR due from Far East May 20
8gm coin 22k               143.000                                                                         Xin Da Lian        Hanjin due from Far East May 5                                                                    Tsingato Express                      NYK due from Europe May 21
8gm coin 21k               138.000                                                                         Asir               Hanjin due from US May 5                                                                          Margrit Rickmers                      CSAV/NOR due from Europe May 25
1gm (24 carat)              21.500                   London markets were closed                            Hanjin Belawan     Hanjin due from Inter Gulf May 5                                                                  Puelo                                 CSAV/NOR due from Far East May 26
2.5gm                       51.750                                                                         TS Nagoya          TS Line due from Far East May 8                                                                   National Shipping
5gm                         98.750                                                                         Xin Ning Bo        TS Line due from Far East May 8                                                                   OOCL Netherland                       COSCO due from Far East May 6
10gm                       193.500                   yesterday for a bank holiday                          Deira              Hanjin due from Europe May 12                                                                     Tuchal                                HDSL due from Far East May 7
20gm                       384.750                                                                         Xin Chi Wan        Hanjin due from Far East May 12                                                                   YM Enhancer                           YML due from Far East May 8
50gm                       953.750                   BOMBAY                                                Najran             Hanjin due from US May 12                                                                         MSC Pina                              MSC due from Europe, Mediterranean                       May 9
100gm                    1,901.500                                                                         Hanjin Belawan     Hanjin due from Inter Gulf May 12                                                                 MSC Sonia                             MSC due from Europe, Mediterranean                       May 9
1 ounce                    595.250                                                                         Dilmun Shipping Agency                                                                                               MSC Roma                              MSC due from Far East May 9
1 tola                     225.250                   Gold 24K (per gram)Rs2,223.00                         Bunga Raya Satu    Misc due from Far East today                                                                      MSC Erminia                           MSC due from Far East May 9
5 tola                   1,110.000                                                                         Xin Ningbo         CSCL due from Far East May 7                                                                      Nordbaltic                            MSC due from Inter Gulf May 9
10 tola                  2,203.500                                                                         Grand Pearl        Eukor due from Europe May 8                                                                       Jin He                                Cosco due from Far East May 13
1kg                    18,809.250                    Gold 22K (per gram)Rs2,068.00                         TS Nagoya          Emirates due from Far East May 8                                                                  Sahand                                HDSL due from Far East May 14
1kg silver                 572.500                                                                         Xin Ning Bo        Emirates due from Far East May 8                                                                  Parmis                                HDSL due from Far East May 14
1/2kg silver               285.250                   Gold (10g)                    Rs21,810.00             Bunga Raya Tiga    Misc due from Far East May 10                                                                     YM Portland                           YML due from Far East May 15
                                                                                                           Xin Tain Jin       CSCL due from Far East May 14                                                                     MSC Beryl                             MSC due from Europe, Mediterranean                       May 16
•   Courtesy Bahrain Express                                                                               TS Pusan           Emirates due from Far East May 15                                                                 MSC Kalina                            MSC due from Europe, Mediterranean                       May 16
Exchange Tel: 17-275-275                             Silver (1kg)                  Rs69,555.00             Emirates Wasl      Emirates due from Far East May 15                                                                 MSC Chicago                           MSC due from Far East May 16

				
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