Pharmacies' profits set to be capped - Gulf Daily News

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26 Gulf Daily News Thursday, 14th March 2013 Exchange Rates Gulf Interbank Rates 1 US$ 1 UK Stg 1 SFR 100 Yen BAHRAIN 0.3770 0.5614 0.3985 0.3948 KUWAIT 0.2855 27.2653 0.3018 0.2990 OMAN 0.3849 0.3641 0.4069 0.4030 QATAR 3.6420 3.4453 3.8499 3.8136 UAE 3.6730 3.4747 3.8827 3.8461 SAUDI 3.7500 3.5475 3.9641 3.9267 Dollar CURRENCIES COUNTRY SELL CASH SELL DRAFT AUSTRALIA (Dollar) 0.3963 0.3933 BANGLADESH (Taka) 0.00502 0.00479 CANADA (Dollar) 0.3752 0.3712 CHINA (Yuan) 0.061100 0.0611 DENMARK 0.0690 - EGYPT (Pound) 0.0557 0.0563 EUROPEAN UNION (Euro) 0.4990 0.4965 HONG KONG (Dollar) 0.04984 0.04944 INDIA (Rupee) 0.00701 0.00707 INDONESIA (Rupiah) 0.00004015 0.00003957 IRAN (Tuman) 0.00021967 - IRAQ (Dinar) 0.000319 - JAPAN (Yen) 0.004090 0.004020 JORDAN (Dinar) 0.5353 0.5350 KOREA (Won) 0.00039371 KUWAIT (Dinar) 1.3310 1.331 MALAYSIA (Ringgit) 0.124000 0.1240 NEW ZEALAND (Dollar) 0.3153 0.3143 NORWAY (Krone) 0.0682 - N.Yemen - - NEPAL (Rupee) 0.00457 0.00441 OMAN (Riyal) 0.98000 0.98300 PAKISTAN (Rupee) 0.00384 0.00387 PHILIPPINES (Peso) 0.00960 0.00931 QATAR (Riyal) 0.10379 0.10374 SAUDI ARABIA (Riyal) 0.10062 0.10065 SINGAPORE 0.3057 0.3047 SOUTH AFRICA (Rand) 0.04310 0.04300 SRI LANKA (Rupee) 0.00336 0.00296 SWEDEN (Krona) 0.0620 - SWITZERLAND (Franc) 0.4070 0.4040 SYRIA (Pound) 0.004360 TAIWAN (Dollar) 0.013200 - THAILAND (Baht) 0.012890 0.012910 TURKEY (Lira) 0.2158 - UK (Sterling) 0.5710 0.5685 UAE (Dirham) 0.102800 0.102800 USA (Dollar) 0.37800 0.37800 For firm rates or for currencies not listed above please call Bahrain Financing Company. Telephone: 17228888. GOLD Oil Currency March 13 Previous Euro $1.2962 $1.3026 Yen 96.04 95.97 Swiss francs 0.9522 0.9467 Canadian dollars 1.0275 1.0260 Pound 1.4927 1.4883 BFX Futures BFX Market Statistics Report at 15:30 Hours Bahrain Time on 13 March 2013 BFX Product Near Month Price Unit Open Last Vol. (in lots) Value (in mn) % Change Gold Futures Apr 2013 USD-troy oz. 1,592.00 1590.40 428 21.79 -0.08% INR-USD Futures Mar 2013 INR-USD 184.01 183.44 1,168 21.46 -0.30% MCX Gold Futures Apr 2013 USD-10 grms 542.15 541.10 187 10.12 -0.15% MCX Silver Futures May 2013 USD-1 kg 1003.10 1002.50 201 6.05 -0.04% Silver Futures May 2013 USD-troy oz. 29.120 29.025 247 7.18 -0.57% USD-INR Mini Index F. Mar 2013 USD-INR 54.3700 54.5150 17,645 95.97 0.30% BFX Market Statistics Report for 12 March 2013 BFX Product Near Month Price Unit Open Last Settl. Vol. (in lots) Value (in mn) % Change Gold Futures Apr 2013 USD-troy oz. 1,582.00 1591.70 788 40.05 0.84% INR-USD Futures Mar 2013 INR-USD 183.52 183.99 3,404 62.58 0.28% MCX Gold Futures Apr 2013 USD-10 grms 539.00 541.90 150 8.10 0.73% MCX Silver Futures May 2013 USD-1 kg 997.80 1002.90 21 0.63 0.59% Silver Futures May 2013 USD-troy oz. 28.970 29.190 91 2.65 0.88% USD-INR Mini Index F. Mar 2013 USD-INR 54.4825 54.3500 54,201 294.58 -0.28% l Courtesy Bahrain Financial Exchange Gold bars Selling Rates are in Bahrain Dinars 8gm coin 22k 149.000 8gm coin 21k 143.000 1gm (24 carat) 22.500 2.5gm 52.500 5gm 102.000 10gm 199.000 20gm 394.000 50gm 977.500 100gm 1,948.000 1 ounce 609.500 1 tola 231.500 5 tola 1,137.000 10 tola 2,257.500 1kg 19,273.500 1kg silver 371.000 1/2kg silver 187.500 • Courtesy Bahrain Express Exchange Tel: 17-275-275 Metal Prices London Markets Gold (per ounce) $1,589.25 Silver (per ounce) $29.12 Palladium $773.00 Platinum (Three-month delivery) $1,595.00 Aluminium ($ per tonne) 1,970.00 Copper ($ per tonne) 7,785.00 Lead (per tonne) $ 2,234.00 Nickel (per tonne) $ 17,000.00 Tin (per tonne) $ 23,900.00 Zinc (per tonne) Bombay $ 1,977.00 Gold 24K (per gram) Rs2,772.05 Gold (10g) 26,960.15 Silver (1kg) 55,385.00 Oil delivery prices (in dollars per barrel) March 13 (close) IPE Brent $ 119.65 Nymex crude $ 92.59 Bahrain Bourse PRICES at the close of trading yesterday: BAHRAIN ALL SHARE INDEX ......................1,115.11 ...................... +5.94 Company ............................................... Share Prices ....... Change + or - BANKS SECTOR Ahli United Bank................................................$0.660 .................... +0.020 Al Salam Bank (Salam)........................................0.079 .....................-0.001 Bahrain Islamic Bank...........................................0.075 ............................... BBK .....................................................................0.418 ............................... Ithmaar Bank.....................................................$0.230 .....................-0.010 Khaleeji Commercial Bank (KHCB) .....................0.036 ............................... National Bank of Bahrain ....................................0.564 ............................... The Bahraini Saudi Bank............................................ - Bank Muscat .......................................................0.824 BANKS INVEST SECTOR Al Baraka Banking Group BSC .........................$0.700 ............................... Arab Banking Corporation ..................................0.350 ............................... Bahrain Commercial Facilities Co.......................0.600 ............................... Bahrain Middle East Bank...................................0.056 ............................... Gulf Finance House...........................................$0.145 .................... +0.010 Gulf Monetary Group...........................................0.035 ............................... Inovest BSC ......................................................$0.280 .....................-0.020 Investcorp Bank ............................................$669.000 ............................... TAIB Bank..........................................................$2.730 ............................... United Gulf Bank.................................................0.210 ............................... United Gulf Investment Corp ..............................0.105 ............................... INVESTMENT SECTOR AUB Preference A .............................................$0.410 ............................... Esterad Investment Company.............................0.188 ............................... Global Investment House....................................0.150 ............................... International Investment Group...........................0.301 ............................... United Finance Company SAOG ........................$0.37 ............................... Big blow for Indian stocks MUMBAI: The BSE Sensex posted its biggest daily fall this month yesterday, as interest rate-sensitive stocks such as ICICI Bank continued to retreat a day before key inflation data that could help determine whether the Reserve Bank of India (RBI) would ease monetary policy. Declines in global markets also weighed on shares, which have fallen each day this week, retreating from the onemonth high hit on Friday as a rally has run out of steam. India’s wholesale prices in February likely rose 6.54 per cent, their slowest annual pace in more than three years, a D I L B E R T Reuters poll showed, strengthening the chances of a rate cut. The data came ahead of the RBI’s policy review on March 19. Although investors are hoping for a rate cut, data this week showing strongerthan-expected industrial output and accelerating consumer inflation has clouded the picture. “WPI inflation would be a key factor ahead of RBI meeting on March 19 to decide the near term trend,” said IDBI Life Insurance chief investment officer Aneesh SHIPPING BOMBAY STOCKS Almoayed Wilhelmsen Imports APL Poland OOCL/NVOCC due from Europe, US, Far East tomorrow Maersk Wellington OOCL/NVOCC due from Europe, US, Far East March 17 APL Poland OOCL/NVOCC due from Europe, US, Far East March 19 Maersk Wellington OOCL/NVOCC due from Europe, US, Far East March 24 APL New Jersey OOCL/NVOCC due from Europe, Far East, Gulf March 27 Grand Hero NMT due from Europe March 28 Exports Sima Pride OOCL to Far East, China, Southeast Asia, Inter Gulf tomorrow Jolly OOCL to Far East, China, Southeast Asia, Inter Gulf March 22 Jolly OOCL to Far East, China, Southeast Asia, Inter Gulf March 30 Al Sharif Group UASC Khorfakkan Hanjin due from Europe today Palena Hanjin due from Far East today Asir Hanjin due from US, Mediterranean today Hanjin Belawan Hanjin due from Inter Gulf today Jasper Arrow K-Line due from Japan/Far East March 21 Al Farahidi Hanjin due from Europe March 21 Hanjin Budapest Hanjin due from Far East March 21 Al Mutanabbi Hanjin due from US, Mediterranean March 21 Hanjin Belewan Hanjin due from Inter Gulf March 21 TS Jakarta TS Line due from Far East March 27 Fowairet Hanjin due from Europe March 28 Dilmun Shipping Agency Grand Hero Eukor due from Europe tomorrow Al Farahidi CSCL due from Far East March 17 Six Eagle Hyundai Glovis due from Far East March 17 Fowairet CSCL due from Far East March 24 Princes Hyundai Glovis due from Far East March 24 STX Dove Hyundai Glovis due from Far East March 26 Gulf Agency Company Buxclife CSAV/NOR due from Europe March 16 Hanjin Budapest CSAV/NOR due from Far East March 17 essential guide to local and world markets Srivastava. “Until inflation falls significantly RBI can duck the rate cuts for March citing current account and CPI pressures,” said Srivastava. The benchmark BSE Sensex fell 1.03pc, or 202.37 points, to end at 19,362.55, marking its biggest single day fall since February 28, and erasing part of a fourday rally seen last week. The broader Nifty fell 1.06pc, or 62.90 points, to end at 5,851.20, closing below the psychologically important total number of shares traded 3,080,936 total value of shares trades BD516,105 SERVICES SECTOR Bahrain Ship Repairing and Engineering Co ......2.000 ............................... Bahrain Car Park Company ................................0.150 ............................... Bahrain Cinema Company ..................................1.150 ............................... Bahrain Duty Free Shop Complex ......................0.727 ............................... Bahrain Maritime and Mercantile Intl ..................0.645 ............................... Bahrain Telecommunications Company..............0.380 ............................... General Trading and Food Processing Co..........0.230 ............................... Nass Corporation BSC........................................0.162 ............................... Seef Properties BSC ...........................................0.136 ............................... Sudan Telecommunications Company ...............$1.75 INSURANCE SECTOR Al Ahlia Insurance Company...............................0.300 ............................... Arab Insurance Group (ARIG)............................$0.360 ............................... Bahrain Kuwait Insurance Company...................0.590 ............................... Bahrain National Holding ....................................0.390 ............................... Takaful International Company............................0.290 HOTEL SECTOR Bahrain Family Leisure Company .......................0.105 ............................... Bahrain Tourism Company..................................0.316 ............................... Banader...............................................................0.059 ............................... Gulf Hotels Group ...............................................0.660 ............................... National Hotels Company ...................................0.410 ............................... INDUSTRIES SECTOR Bahrain Flour Mills Company..............................0.340 ............................... Delmon Poultry Company ...................................0.260 ............................... IPO Aluminum Bahrain BSC.......................................0.420 ............................... CLOSED COMPANY SECTOR Securities & Investment Co (Sico).......................0.310 United Paper Industries BSC (UPI) .....................0.420 5,900 level. ICICI Bank fell 3.3pc while mortgage lender Housing Development Finance Corporation ended 1.8pc lower, as doubts grew about whether the RBI will cut interest rates. Among other decliners, Tata Motors fell 1.2pc after the carmaker said global sales in February fell 22.4pc, the fourth consecutive monthly slide. Bajaj Auto fell 3.1pc, while Hero MotoCorp ended 0.3pc lower on persisting concerns about slowing sales. Dish TV fell 0.9pc after Reuters reported that US private equity firm Apollo Global Management is in talks to sell its 11pc stake in the company, citing two sources with direct knowledge of the development. However, among stocks that gained, Jet Airways India rose 1pc, marking a fourth day of gains, on unconfirmed market talk of a potential sale of parking slots in Brussels to Etihad Airways, dealers said. NYK Apollo NYK due from Far East March 19 Pucon CSAV/NOR due from Europe March 24 Hanjin Tianjin CSAV/NOR due from Far East March 24 Hanjin Port Kelang NYK due from Far East March 26 International Agencies Co ITAL Laguna EMC due from Far East tomorrow CMA CGM Laperouse ANL due from Europe March 19 Maersk Emden ANL due from Europe March 19 ITAL Lunare EMC due from Far East March 22 CMA CGM Magellan ANL due from Europe March 26 CMA CGM Enfield ANL due from Europe March 26 Maersk, Kanoo Maersk Wellington Maersk due from Jebel Ali March 17 Maersk Wellington Maersk due from Jebel Ali March 24 Maersk Wellington Maersk due from Jebel Ali March 31 National Shipping MSC Camille MSC due from Europe, Mediterranean March 18 MSC Deila MSC due from Europe, Mediterranean March 18 CMA CGM Laperouse MSC due from Europe, Mediterranean March 18 HLL Baltic MSC due from Far East March 18 Saragasso Sea MSC due from Far East March 18 AS Poseidon MSC due from Inter Gulf March 18 Ever Uranus Cosco due from Far East March 20 Cosco Thailand Cosco due from Far East March 20 Basht HDSL due from Far East March 20 MSC Livorno MSC due from Europe, Mediterranean March 25 MSC Auroro MSC due from Europe, Mediterranean March 25 CMA CGM Megellan MSC due from Europe, Mediterranean March 25 HS Mozart MSC due from Far East March 25 MSC Clementina MSC due from Far East March 25 AS Poseidon MSC due from Inter Gulf March 25 Shabgoun MSC due from Inter Gulf March 26 Yusuf Bin Ahmed Kanoo Alliance Norfolk Hoegh, US due from Abu Dhabi today Hoegh Kobe Hoegh, Europe due from Doha tomorrow
essential guide to local and world markets European shares end flat LONDON: European shares recouped their earlier losses to end flat near four-and-half-year highs yesterday, with sentiment improving after robust US retail sales data pointed to a continued recovery in the world’s biggest economy. However, Italy’s FTSE MIB index, down 1.7 per cent to 15,745.34 points, underperformed the market following weaker demand at its first bond auction since Fitch cut the country’s credit rating. Analysts said the broader stock market was poised to resume its recent rally in the coming days as the improving economic outlook could prompt more investors to put their money in equities at the expense of other asset classes. The FTSEurofirst 300 index of top European shares ended flat at 1,194.11 points, after hitting an intra-day low of 1,188.98. It recovered after data showed US retail sales rose more than expected in February, the largest increase since September. “The underlying sentiment is pretty bullish. People are neglecting several uncertainties and focusing on growth as hopes for a recovery in the global economy have improved. Equities are a better alternative to invest in in the current environment,” UniCredit strategist Christian Stocker said. “In the next two to four weeks, the DAX could set a new high above 8,200,” he said, referring to Germany’s benchmark index , which rose 0.1pc to 7,970.91 points. BANGKOK: The Stock Exchange of Thailand main index added 0.13pc, or 2.02 points, to 1,578.70. FRANKFURT: The DAX 30 closed up 4.79 points, or 0.06pc to 7,970.91. HONG KONG: Shares erased 2013 gains on Wednesday, with losses accelerating in the late afternoon after the Chinese central bank governor said monetary policy in the world’s second-largest economy was no longer loose. The Hang Seng Index shed 1.46pc, or 333.95 points, to end at 22,556.65. JAKARTA: Indonesian main Composite Index (JCI) was down 0.39pc, or 18.87 points, at 4,835.44. KUALA LUMPUR: Malaysian shares lost 0.62pc, or 10.32 points, to 1,646.22. LONDON: The FTSE 100 fell from five-year highs, retreating from a key technical resistance and leaving some investors bracing for further falls in the remainder of the month. The FTSE 100 closed down 29.12 points, or 0.5pc, at 6,481.50 after failing to break above its January 2008 high at around 6,534 the previous day - a level some investors were starting to see as a turning point, or “pivot”. MANILA: The main Philippine Stock Exchange Index closed 0.15pc lower, giving up 9.86 points to 6,776.56. MUMBAI: The BSE Sensex posted its biggest daily fall this month, as interest rate-sensitive stocks such as ICICI Bank continued to retreat a day before key inflation data that could help determine whether the Reserve Bank of India would ease monetary policy. The benchmark BSE Sensex fell 1.03pc, or 202.37 points, to end at 19,362.55. The broader Nifty fell 1.06pc, or 62.90 points, to end at 5,851.20. PARIS: The CAC 40 closed down 3.93 points, or 0.10pc to 3,836.04. AFLAC 50.640 Down .110 ASA Gold 18.670 Down .310 AT&T Inc 36.600 Down .120 AbtLab s 35.010 Up .030 Accenture 77.930 Down .090 Aegon 6.300 Up .040 Aetna 51.460 Up .220 AlcatelLuc 1.440 Down .040 Alcoa 8.540 Down .080 Allergan 109.660 Down .420 Altria 33.930 Up .210 AEP 47.440 Up .150 AmExp 65.300 Up .010 Anadarko 83.940 Down .320 Apache 75.280 Up .010 ArchDan 32.930 Up .370 AstraZen 45.850 Down .050 AveryD 43.010 Up .130 Avon 20.180 Down .010 BakrHu 46.030 Down .260 BkofAm 12.060 Up .050 Barclay 18.800 Up .140 BarnesNob 16.110 Down .220 Baxter 69.630 Up .350 Beam Inc 61.590 Up .220 BestBuy 20.960 Up .670 Blackstone 20.440 Up .440 Boeing 84.750 Up .590 BrMySq 38.490 Up .270 Brunswick 34.440 Down .060 CSX 23.580 Up .200 CampSp 41.840 Up .320 Canon 36.010 Down .720 Carnival 35.710 Up .370 Caterpillar 89.280 Down .460 Celestic g 8.490 Down .040 ChesEng 21.400 Down .090 Chevron 118.360 Up .110 Chiquita 6.980 Up .150 Cigna 62.050 Up .500 Citigroup 46.970 Up .020 Coach 49.670 Up .860 CocaCola s 38.590 Down .090 ColgPal 114.900 Down .160 ConocPhil s 58.780 Up .050 ConEd 58.770 Down .100 Corning 12.640 Down .030 CredSuiss 27.470 Down .140 CurtisWrt 35.020 Up .630 Deere 91.340 Up .490 DeutschBk 43.800 Down .700 DevonE 55.690 Up .030 Diebold 29.050 Down .050 Disney 57.340 Up .230 DowChm 33.210 Down .030 DuPont 49.590 Down .120 Eaton 63.420 Up .580 Entergy 63.680 Up .210 Exelon 32.200 Up .130 ExxonMbl 89.260 Up .100 FMC Cp s 61.150 Down .120 FedExCp 107.870 Up 1.440 FootLockr 32.940 Up .180 FordM 13.400 Up .010 FranceTel 10.300 Down .190 GenDynam 70.110 Up 1.340 GenElec 23.490 Up .080 GenMills 46.480 Up .210 World Stocks LONDON FTSE - 100 3i Group PLC 319.8 Admiral Group PLCOrd 0.1P 1343 Alliance Trust PLC ORD 2.5P 435.4 Amec PLCOrd 50P 1061 Amlin PLCOrd 28.125P 431.5 AngloAmerican PLCOrd sh.54945 1860 Antofagasta PLCOrd 5P 1095 AssociatdBritFoodsPLC 5 15/22P 1889 Astrazeneca PLC Ord USD 0.25 3066 Autonomy Corp PLC ORD SHS 1/3P 2549 Aviva PLCOrd 25P 324.7 BAE Systems PLCOrd 2.5P 379.1 Balfour Beatty PLCOrd 50P 269.7 Barclays PLCOrd 25P 314.7 BG Group PLCOrd 10P 1182 BHP Billiton PLCOrd sh.50 2107 BP PLCsh.25 449.3 Brit Am Tobacco PLCOrd 25P 3491 British Airways PLC ORD 25P 282.5 British Land Co PLC ORD 25P 559 BritSkyBroadcastngGrpPLCOrd50P 864.5 BT Group PLCOrd 5P 265.8 Bunzl PLCOrd 32 1/7P 1303 Cable & WirelessWrldWide ORD5P 37.92 Cadbury PLC 863 Cairn Energy PLC Ord 231/169P 289.9 AT A GLANCE Exchange Close Change Bangkok 1,578.70 +2.02 Bombay 19,362.55 -202.37 Frankfurt 7,970.91 +4.79 Hong Kong 22,556.65 -333.95 Jakarta 4,835.44 -18.87 Kuala Lumpur 1,646.22 -10.32 London 6,481.50 -29.12 Manila 6,776.56 +9.86 Paris 3,836.04 -3.93 Seoul 1,999.73 +6.39 Shanghai 2,263.97 -22.64 Singapore 3,288.52 -14.50 Sydney 5,092.4 -25.5 Taipei 7,995.51 +0.80 Tokyo 12,239.66 -75.15 Wellington 4,341.15 -37.62 SEOUL: The Korea Composite Stock Price Index (KOSPI) rose 0.32pc, or 6.39 points, to 1,999.73. POPULAR WALL STREET CLOSING PRICES GlaxoSKln 44.620 Down .030 Hallibrtn 41.840 Down .120 HarleyD 54.790 Up .240 HartfdFn 25.750 Up .100 Heinz 72.540 Up .040 Hershey 84.360 Up .070 Hess 71.690 Up 1.410 HewlettP 21.320 Down .080 HomeDp 70.760 Up .010 Honda 39.100 Up .480 HonwllIntl 73.950 Up .360 ING 8.300 Down .140 ITT Corp 27.690 Up .140 ITW 61.320 Up .060 IBM 212.060 Up 1.510 IntFlav 75.410 Up .620 IntPap 45.740 Down .490 JPMorgCh 50.160 Down .120 JohnJn 78.550 Down .010 Kellogg 62.000 Up .270 KimbClk 93.400 Down .680 KoreaFd 39.905 Down .375 Kroger 31.310 Up .500 LVSands 53.170 Up .430 LennarA 41.180 Up .190 Lexmark 24.170 Down .200 LillyEli 55.060 Down .020 LockhdM 92.300 Up 1.930 Luxottica 49.340 Up .770 MGM Rsts 12.410 Up .060 Macys 42.110 Up .340 MarathnO 34.370 Up .300 MarIntA 40.180 Up .200 The euro zone’s blue chip Euro STOXX 50 index fell 0.3pc to 2,704.73. However, charts suggested the index could resume its uptrend. “The index is consolidating after last week’s rally but the downside potential is very limited,” ING Commercial Banking senior technical analyst Roelof-Jan van den Akker said. “This short-term consolidation will take place above its 50-day moving average of 2,675 and a horizontal support of 2,666, from where the recent rally should resume.” The index could test the strong horizontal resistance at 2,885 on the weekly chart in a couple of weeks, he said. At a time when several European stock indexes are hovering near their multi-year highs, Italy’s FTSE MIB index has been strongly underperforming, down about 12pc since late January as the country’s political crisis has spooked investors. Charts showed the index was stuck in a six-week downward channel, testing a key support level at 15,812 points, representing the 38.2pc Fibonacci retracement of the index’s sharp rally sparked last July by European Central Bank President Mario Draghi’s commitment to safeguard the euro. Although, overall outlook for the European stock market remained positive, the situation in Italy and slow growth in Europe prompted some analysts to advise caution in investing further money in equities in the near term. Capita PLC Ord 2.066666P 885 Carnival PLCOrd .66 2485 Centrica PLC Ord 6 14/81P 355.5 Cobham PLC Ord 2.5P 235.6 Compass Group PLC Ord 10P 837 Diageo PLC Ord 28 101/108P 1988 Drax Group PLC Ord 11 16/29P 610 EurasnNatResCorpPLCOrd USD0.20 342.8 Experian PLCOrd sh.10 1177 Firstgroup PLC Ord 5P 200.1 Friends Prov Ord 5p 81.6 G4S PLC Ord 25P 299.9 Glaxosmithkline PLC Ord 25P 1491.5 Hammerson PLC ORD 25P 507 Home Retail Group PLC ORD 10P 132.9 Hsbc HldgsPLC ORD sh.50 UK REG 726.6 Icap PLC 328.1 Imperial Tobacco Group PLC 2393 Inmarsat PLC 683 InterconHtlGrpPLCORD14 194/329 2001 International Power PLC 417.5 Invensys PLC 363.9 Johnson Matthey Ord 104 16/21p 2313 Kazakhmys PLC ORD 20P 533.5 Kingfisher PLC Ord 15 5/7P 290 Land Securities Group PLC 818 Legal & Gen Grp PLC Ord 2 1/2P 169 Liberty International PLC 451.7 Lloyds Bk Grp PLC Ord 10P 51.37 London Stock Ex Grp PLC Ord 1400 Man Grp PLC Ord USD0.03428571 102.2 MarksAndSpencer Grp PLC Ord25P 359 Morrison Suprmrkts PLC ORD 10P 271.6 National Grid PLC Ord11 17/43P 743.5 Next PLC Ord 10P 4110 Old Mutual PLC Ord 11 3/7P 208.7 Pearson PLC Ord 25P 1199 Pennon Group PLC Ord 40.7P 640 SHANGHAI: The CSI300 of the leading Shanghai and Shenzhen A-share listings closed down 1.1pc, while the Shanghai Composite Index fell 0.99pc, or 22.64 points, to 2,263.97. Both ended at their lowest since mid-January. SINGAPORE: The Straits Times Index dropped 0.44pc, or 14.50 points, to 3,288.52. SYDNEY: Australia’s S&P/ASX 200 slipped 0.5pc, or 25.5 points, to 5,092.4. TAIPEI: Taiwan’s TAIEX ended flat, MasterCrd 527.480 Up 4.320 McDrmInt 11.110 Up .080 McDnlds 99.380 Up .620 McGrwH 49.350 Up .900 Medtrnic 45.870 Down .130 Merck 44.590 Down .020 MetLife 39.980 Up .490 Monsanto 103.640 Up .260 Moodys 51.700 Up .630 NL Inds 12.910 Up .010 NewmtM 38.990 Down .670 NokiaCp 3.450 Down .130 NorflkSo 74.300 Down .180 Novartis 68.600 Down .930 OcciPet 83.280 Down .310 OfficeMax 11.930 Up .080 Olin 24.390 Up .080 PG&E Cp 43.300 Up .260 Panasonic 7.150 Down .120 PeabdyE 21.370 Down .330 Penney 15.650 unch PepsiCo 76.950 Up .060 Petrobras 17.200 Down .180 Pfizer 28.020 Up .080 PhilipMor 90.550 Down .340 PhilipsEl 29.690 Down .010 ProctGam 76.800 Down .370 QstDiag 55.990 Down .210 RadioShk 3.340 Down .030 Raytheon 57.180 Up 1.050 Revlon 22.820 Up .010 RockwlAut 88.910 Up .370 Schlmbrg 77.390 Down .050 Index 6,481.50 Prudential PLC Ord 5P 1125 Randgold Res LD Ord sh.05 5510 RBS Group PLC Ord 100P 300.1 Reckitt BenckiserGrp PLCOrd10P 4661 Reed Elsevier PLC 14 51/116P 745 Rexam Ord 71 3/7p 519.5 Rio Tinto PLC Ord 10P 3377 Rolls Royce Hldgs PLC Ord 20P 1063 RoyalDutchShell PLCAOrdEUR0.07 2211.5 RoyalDutchShell PLCBOrdEUR0.07 2262 RSA Insurance Grp PLC Ord27.5P 118.3 SABMiller PLC Ord sh.10 3481.5 Sage Group PLC Ord 1P 342.2 Sainsbury(J) PLC Ord 28 4/7P 358 Schroders PLC Non Vtg Shs 1 1719 Schroders PLC VTG SHS 1 2134 Serco Group PLC Ord 2P 620 Severn Trent PLC Ord 97 17/19P 1646 Shire PLC Ord 5P 2047 Smith & Nephew PLC Ord USD0.20 740.5 Smiths Group PLC Ord 37.5P 1311 SSE PLC Ord 50P 1456 Standard Life PLC Ord 10P 383 StandardCharteredPLCOrdUSD0.50 1721 Tate & Lyle PLC Ord 25P 829 Tesco PLC Ord 5P 375.6 Thomas Cook Grp PLC OrdEUR0.10 100.75 Thomson Reuters Ord 25p 1860 Tui Travel Ord 10p 315.4 Tullow Oil Ord 10p 1256 Unilever PLC ORD 3 1/9P 2741 United Utilities Grp PLC ORD5P 714.5 VedantaResourcesPLCORD USD0.10 1169 Vodafone Grp. Ord Usd0.11 3/7 182.25 Whitbread PLC ORD 76 122/153P 2597 Wolseley PLC Ord 10 5/11P 3230 WPP PLC Ord 10P 1086 Xstrata Ord Usd0.50 1161 edging up 0.80 points to 7,995.51. TOKYO: The Nikkei share average slipped for a second day as investors took a firmer yen as a cue to pocket profits in exporters like Panasonic Corp after an eight-session market rally. The Nikkei closed down 0.61pc, or 75.15 points to 12,239.66, after seesawing in and out of positive territory through the day. The broader Topix shed 0.4pc to 1,031.42. WELLINGTON: The benchmark NZX 50 Index fell 0.86pc, or 37.62 points, to 4,341.15. Siemens 107.890 Up .340 SonocoP 33.740 Up .220 SonyCp 15.730 Up .180 Sothebys 38.640 Down .100 SouthnCo 45.290 Up .090 Supvalu 4.390 Up .230 Sysco 33.760 Up .160 TalismE g 12.090 Down .150 Target 67.430 Up .320 Teradyn 16.930 Up .060 Textron 30.760 Up .120 3M Co 105.090 Down .040 Tiffany 68.840 Up .380 TimeWarn 56.630 Up .210 Transocn 52.820 Down .460 UBS AG 15.860 Down .090 USG 28.210 Up .220 UnionPac 139.560 Up .560 Unisys 24.150 Up 1.190 USSteel 20.040 Down .650 UtdTech 93.080 Down .060 ValeantPh 69.930 Down .670 ValeroE 43.420 Down 2.130 VerizonCm 47.940 Down .420 ViadCorp 27.040 Up .150 WalMart 73.650 Up .050 Walgrn 42.780 Up 1.740 WsteMInc 37.260 Up .300 WellsFargo 36.770 Up .110 Weyerhsr 30.340 Up .140 Whrlpl 118.130 Down .730 WolvWW 43.950 Up 1.000 Xerox 8.590 unch Gulf Daily News Thursday, 14th March 2013 27 1 AM LATEST ... Dow climbs to a new record NEW YORK: US stocks edged up yesterday, with the Dow rising for the ninth straight session to another record, buoyed by surprisingly strong retail sales that suggested the economy is gaining momentum. The Dow Jones industrial average’s nine-day winning streak is the longest consecutive run since November 1996. But trading volume was light. Moves have been muted in recent days as investors consolidate positions after a strong run-up in the first three months of the year. Still, weakness in stocks has been met with buying, which helped propel the market’s advance. The broader S&P 500 is within striking distance of its all-time closing high of 1,565.15 and about one per cent away from all-time intraday high of 1,576.09 – both set in 2007. “I think we will soon see the S&P at all-time high levels. I don’t think the market has topped yet, and there is still strength to move the market higher,” said C&Co/PrinceRidge technical strategist Ari Wald. “Will we see a correction of 10pc or so soon? Not imminently. We have not seen a divergence of behaviour yet where participants become more selective on which stocks to buy.” International Business Machine and Boeing were the Dow’s top two gainers. IBM shot up 0.7pc to $212.06. Boeing also jumped 0.7pc – to $84.75 at the close. The Dow Jones industrial average gained 5.22 points, or 0.04pc, to 14,455.28, another record closing high. The Standard & Poor’s 500 Index advanced 2.04 points, or 0.13pc, to 1,554.52. The Nasdaq Composite Index gained 2.80 points, or 0.09pc, to end at 3,245.12. Signs of strength in the economy and the Federal Reserve’s easy monetary policy have helped US equities accelerate their advance. The blue-chip Dow is up 10.3pc for the year and the benchmark S&P 500 index has gained 9pc. Yesterday’s retail sales report reinforced the view that the US economy has momentum, even with the obstacles the recovery is facing. Sales increased 1.1pc in February, the largest increase since September. Investors had been looking for signs of any impact on spending from stubbornly high unemployment and a higher payroll tax that went into effect at the start of the year. The Morgan Stanley retail index gained 0.7pc. Coach shares rose 1.8pc to $49.67 after Citigroup raised its rating on the luxury leather goods company’s stock to “buy” from “neutral.” Earlier, the stock had risen as high as $50.09 – up 2.6pc from Tuesday’s close. Walgreen jumped 4.2pc to $42.78 after UBS raised its rating to a “buy” from “neutral”, and lifted its price target to $48 from $41 on the stock of the largest US drugstore chain. But Express shares slid 3.2pc to $18.25 after the apparel retailer posted fourth-quarter earnings and said it was off to a slow start in the first quarter. S p e c t r u m Pharmaceuticals shares lost 37.3pc to $7.79 after the biotechnology company forecast full-year sales well below analysts’ estimates. Volume was below average, with roughly 5.5 billion shares trading on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45bn. Advancers outnumbered decliners on the New York Stock Exchange by a ratio of 17 to 13. On the Nasdaq, the positive breadth was slightly wider, with about seven stocks rising for every five that fell. lThe Dow Jones industrial average gained 5.22 points, or 0.04pc, to 14,455.28 lThe Nasdaq Composite Index gained 2.80 points, or 0.09pc, to end at 3,245.12.
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