28 Gulf Daily News Monday, 17th

28
Gulf Daily News Monday, 17th November 2014
COUNTRY
SELL CASH
AUSTRALIA (Dollar)
BANGLADESH (Taka)
CANADA (Dollar)
SELL DRAFT
0.3379
0.3349
0.00515
0.00488
0.3420
0.3380
0.061100
0.0611
DENMARK
0.0666
-
EGYPT (Pound)
0.0551
0.0532
CHINA (Yuan)
EUROPEAN UNION (Euro)
0.4807
0.4782
HONG KONG (Dollar)
0.04982
0.04942
INDIA (Rupee)
0.00622
0.00623
INDONESIA (Rupiah)
0.00003374
0.00003161
IRAN (Tuman)
0.00010957
-
IRAQ (Dinar)
0.00317
-
JAPAN (Yen)
0.003410
0.003340
0.5366
0.5350
JORDAN (Dinar)
KOREA (Won)
Total number of shares traded ...............1,179,190
Total value of shares trades ......... BD260,756.456
PRICES at the close of trading yesterday:
BAHRAIN ALL SHARE INDEX........................1,447.32..................+17.01
Company .................................................Share Prices...... Change + or BANKS SECTOR
Ahli United Bank ..................................................$0.805.............................
Al Salam Bank (Salam) .........................................0.190..................+0.015
Bahrain Islamic Bank .............................................0.159.............................
BBK .......................................................................0.470..................+0.004
Ithmaar Bank .......................................................$0.175.............................
Khaleeji Commercial Bank (KHCB) .......................0.046..................+0.001
National Bank of Bahrain .......................................0.880..................+0.040
The Bahraini Saudi Bank .............................................. Bank Muscat ..........................................................0.915.............................
BANKS INVEST SECTOR
Al Baraka Banking Group BSC............................$0.840.............................
Arab Banking Corporation .....................................0.690.............................
Bahrain Commercial Facilities Co .........................0.680.............................
Bahrain Middle East Bank .....................................0.034.............................
Gulf Finance House .............................................$0.190.............................
Gulf Monetary Group .............................................0.035.............................
Inovest BSC.........................................................$0.255.............................
Investcorp Bank ...............................................$501.750.............................
TAIB Bank............................................................$2.740.............................
United Gulf Bank ...................................................0.238.............................
United Gulf Investment Corp .................................0.133.............................
INVESTMENT SECTOR
AUB Preference A................................................$0.425.............................
Esterad Investment Company ...............................0.212.............................
Global Investment House ...................................... 0.111.............................
International Investment Group .............................0.070.............................
United Finance Company SAOG...........................$0.40.............................
0.0003934
KUWAIT (Dinar)
1.3040
1.311
0.116400
0.1154
NEW ZEALAND (Dollar)
0.3030
0.3020
NORWAY (Krone)
0.0580
-
-
-
0.00404
0.00388
MALAYSIA (Ringgit)
N.Yemen
NEPAL (Rupee)
OMAN (Riyal)
0.98000
0.98300
PAKISTAN (Rupee)
0.00393
0.00372
PHILIPPINES (Peso)
0.00862
0.00841
QATAR (Riyal)
0.10379
0.10374
SAUDI ARABIA (Riyal)
0.10062
0.10065
0.2953
0.2943
SOUTH AFRICA (Rand)
SINGAPORE
0.03590
0.03580
SRI LANKA (Rupee)
0.00320
0.00288
SWEDEN (Krona)
0.0540
-
SWITZERLAND (Franc)
0.4022
0.3992
SYRIA (Pound)
0.002490
TAIWAN (Dollar)
0.012800
-
THAILAND (Baht)
0.011710
0.011670
TURKEY (Lira)
0.1758
-
UK (Sterling)
0.6012
0.5974
0.102800
0.102800
0.37800
0.37800
UAE (Dirham)
USA (Dollar)
Arabtec drags index down
For firm rates or for currencies not listed above please call Bahrain Financing
Company. Telephone: 17228888.
1 US$
1 UK Stg
1 SFR
100 Yen
Bahrain
0.3770
0.5942
0.3910
0.3267
Kuwait
0.2855
32.9410
0.2961
0.2474
Oman
0.3849
0.3712
0.3991
0.3336
Qatar
3.6420
3.5120
3.7768
3.1565
UAE
3.6730
3.5419
3.8090
3.1834
Saudi
3.7500
3.6161
3.8888
3.2501
Gold bars
Selling
Rates are in Bahrain Dinars
8gm coin 22k
112.500
8gm coin 21k
106.000
1gm (24 carat)
17.000
2.5gm
40.000
5gm
76.500
10gm
149.500
20gm
296.000
50gm
733.000
SERVICES SECTOR
Bahrain Car Park Company....................................... 0.168 ........................
Bahrain Cinema Company ........................................ 1.540 ........................
Bahrain Duty Free Shop Complex ............................. 0.860 ........................
Bahrain Ship Repairing and Engineering Co ............. 2.200 ........................
Bahrain Maritime and Mercantile Intl ......................... 0.835 ............. +0.015
Bahrain Telecommunications Company .................... 0.344 ............. +0.008
General Trading and Food Processing Co ................ 0.228 ............. +0.002
Nass Corporation BSC .............................................. 0.174 ..............-0.003
Seef Properties BSC ................................................. 0.210 ............. +0.002
Sudan Telecommunications Company ...................... $1.75
INSURANCE SECTOR
Al Ahlia Insurance Company ..................................... 0.296 ........................
Arab Insurance Group (ARIG) ................................. $0.505 ........................
Bahrain Kuwait Insurance Company ......................... 0.660 ........................
Bahrain National Holding ........................................... 0.490 ........................
Takaful International Company .................................. 0.145 ........................
HOTEL SECTOR
Bahrain Family Leisure Company ............................. 0.116 ........................
Bahrain Tourism Company ........................................ 0.230 ........................
Banader ..................................................................... 0.056 ........................
Gulf Hotels Group ...................................................... 0.890 ........................
National Hotels Company .......................................... 0.300 ........................
INDUSTRIES SECTOR
Bahrain Flour Mills Company .................................... 0.360 ........................
Delmon Poultry Company.......................................... 0.320 ........................
IPO
Aluminum Bahrain BSC ............................................. 0.520 ............. +0.005
CLOSED COMPANY SECTOR
Securities & Investment Co (Sico) ............................. 0.310
United Paper Industries BSC (UPI) ........................... 0.420 ........................
DUBAI: Construction firm Arabtec dragged
down Dubai’s bourse yesterday after missing third-quarter profit estimates, while
Saudi Arabian Mining Company (Ma’aden)
weighed on the kingdom’s market ahead of a
discounted rights issue.
Dubai’s index fell 1.2 per cent as Arabtec
tumbled 5.9pc. The firm reported a 32pc drop
in third-quarter net profit to 68.7 million dirhams ($18.7m) in the three months to September 30.
Analysts at Global Investment House and
SICO Bahrain had forecast it would make a
quarterly profit of 113m dirhams and 139.9m
dirhams respectively. Arabtec’s quarterly revenue was 2.4 billion dirhams, up from 1.94bn
a year earlier, but general and administrative
expenses rose 89pc to 241.6m dirhams over
the same period.
Arabtec shares climbed 11.5pc last week
as Abu Dhabi state fund Aabar Investments
raised its stake in the firm to 34.9pc by buying
shares held by former chief executive Hassan
Ismaik, who abruptly resigned in June after
differences of opinion with Aabar.
Abu Dhabi’s benchmark edged up 0.2pc,
largely on the back of National Bank of Abu
Dhabi, which jumped 3.7pc.
Shares in another Dubai contractor, Drake
and Scull, fell 0.9pc after it reported a 10pc
drop in third-quarter profit yesterday, although analysts polled by Reuters had expected a steeper decline.
D
I
L
B
E
R
T
100gm
1,461.000
1 ounce
458.000
1 tola
173.500
5 tola
851.500
10 tola
1,689.500
1kg
14,409.000
1kg silver
221.500
1/2kg silver
126.000
• Courtesy Bahrain Express
Exchange Tel: 17-275-275
Almoayed Wilhelmsen
Niara
OOCL/NVOCC due from Europe, US, Far East today
MSC Vienna
OOCL/NVOCC due from Europe, US, Far East tomorrow
Hanjin Xiamen OOCL/NVOCC due from Europe, US, Far East November 22
Wan Hai
OOCL/NVOCC due from Europe, US, Far East November 23
Asian Chorus WWL/NMT due from Europe, US, Far East November 24
Niara
OOCL/NVOCC due from Europe, US, Far East November 25
APL California OOCL/NVOCC due from Europe, Far East, Gulf November 26
MSC Cosmos OOCL/NVOCC due from Europe, US, Far East November 28
Wan Hai
OOCL/NVOCC due from Europe, US, Far East November 29
Hanjin Mumbai OOCL/NVOCC due from Europe, US, Far East November 29
Morning Carol WWL/NMT due from Europe, US, Far East November 30
Exports from Bahrain
Hanjin Xiamen OOCL due to Far East, China, South East Asia, Inter Gulf
November 20
Hanjin Mumbai OOCL due to Far East, China, South East Asia, Inter Gulf Nov 25
The company made a net profit of 21.4m
dirhams in the quarter, while analysts had
on average forecast it would earn 16.1m
dirhams.
Abu Dhabi’s index added 0.4pc as telecommunications firm Etisalat rose just as much.
Qatar’s benchmark rose 0.7pc, largely on
the back of conglomerate Industries Qatar,
which was up 1.4pc to 197.50 riyals.
Shares in energy firm Dana Gas surged
4.8pc after Egypt’s oil ministry said on Thursday it planned to repay all of its $4.9bn debt
to foreign oil and gas companies – Dana Gas
among them – within six months.
Kuwait’s index fell 1.3pc as most shares
declined. The bourse yesterday suspended
trading in the shares of 18 companies that
had failed to disclose third-quarter earnings
in time.
That, along with the continuing decline
in oil prices and profit-taking seen in the
region’s major markets such as Dubai and
Saudi Arabia, has kept many investors from
opening new positions in Kuwait, said Fouad
Darwish, head of brokerage services at Global
Investment House in that country.
Boubyan Petrochemical slid 2.8pc and
Qurain Petrochemical Industries lost 1.8pc.
Late last week US petrochemicals giant Dow
Chemical said it would sell off its stake in
EQUATE, its joint venture with those two
firms and the Kuwaiti government’s Petrochemical Industries Company.
MOL Cosmos
APL Vancouver
Gulf
Alsharif Group
CMA CGM Alaska
CSCL Star
Al Hilal
Fowairet
Hanjin Veracruz
Hanjin Xiamen
Tayma
Al Qibla
Al Bahia
Deira
OOCL due to Far East, China, South East Asia, Inter
Gulf November 28
OOCL due to Far East, China, South East Asia, Inter
December 5
Hanjin due from Far East November 19
Hanjin due from Far East November 19
Hanjin due from Far East November 19
Hanjin due from US, Mediterranean November 19
Hanjin due from Inter Gulf November 19
TS Line due from Far East November 22
Hanjin due from Far East November 26
Hanjin due from Far East November 26
Hanjin due from Far East November 26
Hanjin due from US, Mediterranean November 26
Hanjin Veracruz
Hanjin Mumbai
Qatar’s index inched up 0.1pc. Industries
Qatar rose as much as 1.5pc at one stage but
turnover was light and the stock shied away
from major technical resistance at 198-202.90
riyals, this year’s peaks. It closed up 1pc at
196.70 riyals.
Saudi Arabia’s main index fell 1.3pc.
Shares in Saudi Arabian Mining Company
(Ma’aden) were among the main drags after
Ma’aden said yesterday that the subscription
period for its 5.6bn riyal ($1.5bn) rights issue
would start tomorrow and trading in the rights
opened.
The bourse cut Ma’aden’s share price by
7.5pc from last Thursday’s closing to reflect
the dilution; the price then dropped 2.9pc to
32.30 riyals during the session.
Ahli United Bank, Bahrain’s largest lender, received a request from the International
Finance Corporation to convert subordinated
debt to shares in the bank, it said in a statement yesterday.
The bank did not disclose how much debt
would be converted, however 118.61m new
ordinary shares with a value of $0.8431 per
share would be issued to IFC subject to regulatory approval, the bourse filing said.
The number of shares being issued accounts for roughly 2pc of the bank’s current
share capital, according to Reuters calculations.
After the conversion, the IFC’s stake in
Ahli United will reach 5.16pc, comprising a
2.29pc direct holding in the bank
and a 2.87pc stake through its IFC
Capitalisation (Equity) Fund, the
statement said.
Ahli United Bank and IFC
signed a $200m subordinated loan
and conversion option agreement
in November 2006.
At 23 riyals per share, the
rights offer price is much cheaper than the market price, so some
investors were tempted to sell in
the market and buy back via the
rights.
Hanjin due from Inter Gulf November 26
TS Line due from Far East November 29
Dilmun Shipping Agency
Astrid Schulte
CSCL due from Far East November 22
Hanjin Xiamen
Emirates due from Far East November 22
Asian Chorus
Hyundai Glovis due from Europe November 25
Xin Da Lian
CSCL due from Far East Nvoember 29
Hanjin Mumbai
Emirates due from Far East November 29
Morning Carol
Eukor due from Europe November 30
Glovis Composer
Hyundai Glovis due from Europe December 6
International Agencies Co
Ever Lotus
EMC due from Far East today
CMA CGM Margrit
ANL due from Europe November 22
Ever Leader
EMC due from Far East November 24
CGM CGM Corte Real ANL due from Europe November 29