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
© Copyright 2024