Mawashi plans dairy plant to strengthen food security chain

GAZPROM S PROFIT FALLS 23.5% AS EUROPEAN SALES PLUNGE PAGE 26 IN THE PIPELINE Bullion Market GOLD PERCENTAGE PERCENTAGE 1,705.40 +0.67 32.67 +1.07 Crude oil USD / BBL PERCENTAGE BRENT 114.04 +0.84 WTI 96.29 +0.98 Businessline SILVER MOTOROLA MOBILITY UNVEILS 3 PHONES FOR VERIZON WIRELESS PAGE 27 BOTTOMLINE Friday, September 7, 2012 GOLD AT SIX-MONTH HIGH ON ECB BOND-BUYING PLAN PAGE 30 GLOBAL ECONOMY SUCCESS Success consists of going from failure to failure without loss of enthusiasm. SIR WINSTON CHURCHILL Qatar demands respect with muscular Xstrata strategy AIG launches AIA share sale to fund $5 billion buyback AMERICAN International Group Inc launched a widely-expected sale of a stake in its former Asian unit AIA, a move aimed at providing the insurer with partial funding to repurchase up to $5 billion of its stock from the US government. While the US Treasury has not yet announced another share sale, its latest lockup expired early this month, meaning an offering could come at any time before September 30. AIG shares fell sharply in early trading on what was otherwise a strongly higher day for the US insurance sector. () Private sector hiring in US picks up in August PRIVATE employers added a stronger-than-expected 201,000 jobs in August and new claims for jobless benefits fell last week to the lowest level in a month, upbeat signals for a struggling labour market. The increase in private hiring, reported by payrolls processor ADP on Thursday, was the largest since March and easily beat economists expectations. July s gain was revised up to 173,000 from the previously reported 163,000. () US service sector growth healthy in August THE pace of growth in the massive services sector rose in August on the back of a rebound in employment, beating expectations, though a measure of new orders declined, according to an industry report. The Institute for Supply Management said on Thursday its services index jumped to 53.7 last month from 52.6 in July. That beat economists forecasts for a 52.5 reading.a reading above 50 indicates expansion in the sector. () Information KIOSK Exchange Rate Currency buy QR sell QR US 3.6315 3.6485 Euro 4.5498 4.6349 Pound Sterling 5.7656 5.8262 Indian Rupee 0.0645 0.0659 Pakistani Rupee 0.0000 0.0388 Philippine Peso 0.0000 0.088 Sri Lankan Rupee 0.0000 0.0283 Bangladeshi Taka 0.0000 0.0452 Nepalese Rupee 0.0000 0.0413 Japanese Yen 0.04587 0.04699 Kuwaiti Dinar 12.755 13.0010 Saudi Riyal 0.957 0.9736 Omani Riyal 9.246 9.486 UAE Dirham 0.977 0.9938 Bahraini Dinar 9.541 9.691 Source: www.dohabank.com.qa Mawashi Managing Director and Chief Executive Offcer Ahmad Nasser Sraiya al Kaabi (centre) with other senior company officials at a function, in Doha, on (MANEESH BAKSHI) Mawashi plans dairy plant to strengthen food security chain ASIF IQBAL DOHA THE Qatar Company for Meat and Livestock Trading (Mawashi) plans to set up a plant in the country to tap the dairy industry, the company s managing director and chief executive officer There is huge demand for dairy products in the country, and Mawashi is shifting its focus to food security and beyond trading in meat and livestock, Ahmad Nasser Sraiya al Kaabi told mediapersons on Without giving financial details about the plant planned, Kaabi said the proposal is still in planning stage and it would be too early to assess the investment value. He said the Qatar Exchange-listed company will continue with its ambitious expansion plans in order to achieve maximum returns on stock price, by putting to use its entire capabilities and resources. Commenting on the livestock availability in the country, he said, Livestock consumption is on the rise in Qatar and livestock THE S&P 500 index leaped to its highest level in more than four years and the Nasdaq jumped 2 percent on Thursday as investors lauded a new bond-buying programme in Europe aimed at containing the region s debt crisis and signs of improvement in the US labour market. The rally was broad, with banks and semiconductor stocks in the lead. Advancers outnumbered development plans are being reviewed in a manner that will see imports decreased, fodder levels increased, and further investments in overseas farms, leading to the import of livestock back to Qatar. Kaabi further said the company has been expanding beyond the borders of the country and has set up offices in Sudan that would Emphasising the need for food security in the country, Kaabi quoted market research firm Euromonitor s report and said that Qatar s population grew at an average rate of nearly 12 percent per year over the past decade. guarantee the supply of quality meat and livestock by land, sea and air. Emphasising the need for food security in the country, Kaabi quoted market research firm Euromonitor s report and said that Qatar s population grew at an average rate of nearly 12 percent S&P 500 hits 4-year high on ECB move decliners by a ratio of more than 4 to 1. The Dow index had its biggest gain in two months as shares of Walt Disney Co hit an all-time high and last rose 1.75 percent to $51.68. ECB President Mario Draghi, seeking to back up his July pledge to do whatever it takes to preserve the euro, said the central bank s new plan of potentially unlimited bond-buying would address bond market distortions and unfounded fears of investors about the survival of the euro. per year over the past decade. By 2030, the population will reach at least 2.4 million, the report says, up from today s 1.4 million. Such growth will place enormous pressure on the food supply chain, he In the shorter term in the next four years food consumption in Qatar is forecast to grow faster than in any other GCC country, at a rate of 6.3 percent per annum, and GCC states will need to import almost 90 percent of their food, Kaabi He said that today, only a tenth of Qatar s 65,000 hectares of arable land is being used for agriculture due to a lack of fresh water supplies, which is why more resources are being placed into food security projects. Later, speaking about the company s half yearly financial results Kaabi said that net profits reached QR41.7 million during the first half of 2012, turning Mawashi into one of the largest companies of its kind in Qatar and the region. Net profits were up from QR18.50 million over the same period in 2011. TRIBUNE NEWS NETWORK DOHA BY holding out against Glencore s bid for mining giant Xstrata, Qatar is not just gunning for more profit from its stake, but showing Western financiers it won t be pushed around. With a sovereign wealth fund analysts estimate at about $100 billion, the rich Gulf state has bought assets around the world over the past several years, including sizeable stakes in European banks, football clubs and luxury car makers. But liberal spending threatens to create an image of Qatar as an extravagant investor that buys trophy assets mainly for the prestige, which could hurt its ability to negotiate attractive deals. By taking a hard line on the value of its 12 percent stake in Xstrata, and potentially blocking the firm s $30 billion merger with commodity trader Glencore, Qatar is signaling to the investment community that it is not a soft touch, bankers and analysts This motivation suggests Qatar is unlikely to bow to last-minute pressure to accept a compromise price, as the hours tick away before Friday s vote by Xstrata shareholders on the bid. With the Glencore/Xstrata transaction, Qatar has shown that it can also block mega-mergers, along with grabbing trophy assets, said Rachel Zeimba, senior analyst and sovereign wealth fund expert at Roubini Global Economics in London. This is part of the evolution of the fund as a global investor to reckon with. Qatar Holding, the investment arm of the sovereign wealth fund, said last week that it was determined to vote against Glencore s current all-share offer. The Qataris left the door open for a deal by saying they backed the tie-up in principle, but they reiterated that they would vote it down unless the terms were improved. Previously, Qatar had demanded that Glencore s offer of 2.8 of its shares for each Xstrata share be raised to 3.25. The Xstrata case may be the first time that a Gulf sovereign fund has publicly called for more value in a transaction, bankers Traditionally, Gulf funds have preferred to make their wishes known behind the scenes, in keeping with business practices in the region. From the point of view of Qatar Holding, the thinking is that you have to be careful when you are buying something from a trader and even more careful when you are selling something to a trader, a banker who has previously advised the Qatar fund told Reuters. At the end of the day (Glencore Chief Executive Ivan Glasenberg) is a trader, and is perceived to do a deal which squeezes out the opposite party. It looks like he has found his match in Qatar Holding this time. The banker added that there was pleasure among Gulf sovereign wealth funds in general at the sight of an investor from the region standing up to a big Western dealmaker. For a change, it s good to see a Gulf investor calling the shots. You haven t seen such a firm stand being taken publicly before, he These funds have lost a lot of money previously investing in European and US companies. After making its point through the Xstrata deal, Qatar is not necessarily going to be taking such an activist stand in many future investments. Ficci team to visit Doha on Sept 8 A 20-MEMBER business delegation of the Federation of Indian Chambers of Commerce and Industry (Ficci) will visit Qatar on September 8, according to an Indian embassy press release in Doha on The delegation, to be led by Hiten Haresh Bhuta, chief executive officer of CGS Infotech Ltd, will include senior officials of companies representing a wide range of sectors including agricultural products; healthcare; education and training; infrastructure development; engineering; real estate and construction; transport; chemicals and petrochemicals; information technology; financial services; and commodities. The two-day programme of the delegation is being coordinated by the Indian embassy with the active support of the Qatar Chamber of Commerce and Industry (QCCI) and the Indian Business and Professional Network (IBPN). During its Doha stay, the Ficci delegates would interact with local companies in an effort to develop and expand business relations in various sectors. The QCCI will organise a business event to promote wider interaction on Sunday at its premises beginning at 11 am. An earlier Ficci business delegation had visited Qatar in September last year. The visit of Ficci business mission is taking place in the context of the vast potential and enhanced interest on both sides to further expand business partnerships. The Indo-Qatari trade relations have been on an upswing. The Ficci is India s oldest and largest apex trade and industry body, with over 250,000 members and a widespread global representation. FICCI had last sent a business mission to the State of Qatar in September, 2011 with positive outcome for both sides. The members of the Ficci business delegation will be available for meetings at Hotel Radisson Blu from 10.30 am on 8 Sunday.

Friday, September 7, 2012 26 www.qatar-tribune.com Oil rises on Europe plan, US jobs data IN THE PIPELINE Qantas, Emirates finalise 10-year service alliance AP PABLO GORONDI THE price of oil rose above $97 a barrel on Thursday after the European Central Bank delivered new measures to help ease Europe s debt crisis. Benchmark crude rose $1.83 to $97.19 a barrel in morning trading in New York. In London, Brent crude gained $1.53 at $114.62 on the ICE Futures exchange. The ECB s move could also boost Europe s struggling economy and boost demand for oil. Expectations for ECB action have been high since the bank s president, Mario Draghi, said in July that the bank will do whatever it takes to save the euro currency. The price of oil has risen more than 20 percent since late June. Positive news about the US jobs market also boosted oil. Gasoline stocks fell 2.33 million barrels, less than forecast, and distillate stocks rose nearly a million barrels, against a forecast stocks would be lower. US crude stocks fell 7.43 millon barrels last week, the Energy Information Administration said in its weekly report. The drop was not a surprise, with imports and Gulf of Mexico production disrupted last week by Hurricane Isaac, but the drop was more than the 5.3- million barrel drop forecast. Although the data were obviously distorted by Hurricane Isaac, the report is supportive, said John Kilduff, partner at Again Capital LLC in New York. Gasoline stocks fell 2.33 million barrels, less than forecast, and distillate stocks rose nearly a million barrels, against a forecast stocks would be lower. Payrolls processor ADP said the US private sector added the most jobs in August since March and a separate report from the government showed jobless claims fell last week, helping fuel a rally that sent the S&P 500 Index SPX to its highest since May 2008. US October crude rose $1.40 to $96.76 a barrel, above the 200-day moving average of $96.63, but off its session peak of $97.71. US gasoline futures jumped more than 2 percent, pushing back above $3 a gallon. Heating oil also gained, but only about 1.6 percent. Investors next will spotlight the US August nonfarm payrolls report, scheduled for release on Friday. The logo of Russian energy company Gazprom, in Moscow, recently. (EPA) Gazprom s profit falls 23.5% as European sales plunge AFP MOSCOW GAZPROM S income shrank by nearly a quarter due to falling natural gas sales, the company said on Thursday, as a new price war looms in Europe. The world s largest natural gas company attributed its 23.5 percent drop in firstquarter profit to a sharp decline in sales to both Europe and the ex-soviet countries - two of the slowestgrowing regions in the world. The profit was still a strong $11.1 billion (357.8 billion rubles) and debt was down heavily. But shares in Gazprom were still underperforming a rising Moscow stock market as investors soured on potential multi-billion-dollar EU penalties that could trail Gazprom down the line. Brussels is formally probing Gazprom for effectively trying to bully Eastern and Central European nations into buying its pipeline gas at LONDON CHESAPEAKE Energy will sell up to $14 billion in assets by the end of the year as planned, with proceeds targeted to debt reduction, the company s chief executive said on The Oklahoma City company also needs to sell some of its oil and gas interests to fill a funding gap that Barclays analysts estimate at elevated prices and then preventing them from trading any excess supply. The probe comes a year after official raids on the offices of Gazprom s partners and amid widening EU efforts to diversify its sources of energy. Gazprom on Wednesday suggested that Russia s broader national interests were being threatened by the investigation and demanded respect for its status as a strategic organisation under federal law. The politics of the probe quickly resonated through the Kremlin-controlled parliament and saw some officials accuse EU bureaucrats of trying to gain an unfair advantage over a powerful Russian firm. This could be just a form and a fairly improper one at that of (economic) competition, Russia s EU envoy Vladimir Chizhov told the Interfax news agency in Brussels. I think that the European $4 billion in 2013. About $13 to $14 billion Shares of Chesapeake rose to $19.65 in premarket trading, up from Wednesday s New York Stock Exchange close of $19.54. in sales remains our goal for the year, Chesapeake CEO Aubrey McClendon told investors at the Barclays Commission is simply trying to lower the gas price, added ruling party energy committee member Pavel Zavalny. Gazprom owner of both gas supplies and distribution at home has begun renegotiating some of its long-term contracts with clients at lower prices while adamantly resisting rules to cede control of its European pipelines. A part of the EU probe will look into whether Gazprom prevented the diversification of supply of gas in Europe through its policies. The investigation is expected to last as many as three years. But Gazprom s stock lost nearly two percent on Wednesday on speculation about possible fines that could be retroactive and apply to this and previous years. A UBS analysis projected $7 billion in fines and a 10- percent discount to Gazprom s current oilindexed price on oil from next year. The investment house said the figure translated into about seven percent of energy conference in New York. We should be a cash generator this year as a result of our asset sales. By the end of the third quarter, Chesapeake will have announced nearly $12 billion in assets so far this year. That figure includes the sale of most of the company s 1.5 million acres in the Permian Basin and its midstream business, McClendon Gazprom s annual income a figure that reached $55 billion in the past six months alone. Estimates at Ala Bank said this year s profits could even be off by as much as 15 percent. The January to March earnings reported on Thursday by Gazprom showed a company still struggling from its earlier failure to quickly tap into liquefied and shale gas markets that are flourishing in other parts of the world. Europe is keen to make sure it gets no more than the current quarter of its supplies from Gazprom while former Soviet nations such as Ukraine are now busy looking for alternate sources of heat and other energy. Gazprom reported an eightpercent decrease in European delivery volumes and a 32- percent less gas to ex-soviet states that almost exclusively rely on Gazprom shipments. It had been Lithuania that made the most vocal EU calls for a Gazprom probe. Chesapeake to sell $14bn assets But the Permian deals might not close in the third quarter as previously planned. There will probably be some spillover in the fourth quarter, the executive McClendon declined to provide more detailed status updates on its planned deals. Shares of Chesapeake rose to $19.65 in premarket trading, up from Wednesday s New York Stock Exchange close of $19.54. SYDNEY/LONDON AUSTRALIA S struggling Qantas Airways has agreed a 10-year alliance with Dubai s Emirates, a key step in the carrier s efforts to shore up its loss-making international business, after it ended a similar deal with British Airways. Qantas will replace Singapore with Dubai as its hub for European flights from March 2013 and coordinate pricing, sales and schedules with Emirates under the partnership unveiled on Under the deal, the Australian airline will end its 17-year alliance with British Airways, owned by IAG, which some analysts said could seek a new partner, like Qatar Airways. A key objective is to make Qantas International strong and viable, and bring it back to profitability, Qantas Chief Executive Officer Alan Joyce told reporters. This partnership will help us do that. Joyce said the airline remained committed to reaching break-even in its international business in the 2015 financial year. He declined to comment on analysts estimates that the alliance would save Qantas A$90-100 million before taxes annually, or help it deliver cost savings. IAG Chief Executive Willie Walsh, said the two airlines would continue to work together as part of the oneworld alliance and through codeshare agreements. Australian routes have diminished in importance to BA in recent years, in part due to the dominance on these routes by Emirates and other Middle Eastern airlines. The world has changed since 1995 when the joint business started... this is a small part of our overall network and this move fits in with changes in our global strategy, said Walsh. Asia has become a key market focus for IAG and we re talking to a number of airlines Australian routes have diminished in importance to BA in recent years, in part due to the dominance on these routes by Emirates and other Middle Eastern airlines. about alternative options. Espirito Santo analyst Gerald Khoo sees a deal between IAG and Qatar Airways as the British group s most likely move. This would offer one-stop connections to Asian destinations and Australia in a mirror image or the Qantas-Emirates arrangement, said Khoo. The long-anticipated deal was received warmly by Qantas investors, with the Australian carrier s shares closing 6.7 percent up. IAG shares in London were 2 percent up by 1305 GMT. The arrangement will enable Qantas to cut loss-making international routes and focus on its profitable domestic and budget operations. The alliance is deeper than a straightforward code-share arrangement where airlines share some flights but stops short of a global revenue-sharing deal or equity injection from either side. For customers, benefits include the pair sharing airport lounges and frequent flyer programmes. It helps Qantas, nicknamed the Flying Kangaroo, confront its disadvantage in the region as a so-called end-of-line carrier. Qantas has to spend more on fuel than other airlines in Asia to carry passengers on intercontinental routes as its aircraft are based in Australia. The hub carriers can service Europe to Australia routes better by picking up passengers from multiple European, Asian and Middle Eastern departure points. Qantas has been stripping costs out of its business after a year troubled by a record fuel bill, rising competition and a labour union that has opposed the carrier s spending cuts. Qantas CEO Alan Joyce (right) and Emirates President Tim Clark after announcing partnership, in Sydney, on (AP) Air India set to receive first Dreamliner on Saturday PTI NEW DELHI AIR India s long wait for the Boeing 787 Dreamliner is finally over, with the first of these long-haul planes set to arrive in New Delhi on Saturday, sources said on The national carrier, which had placed orders for 27 of these aircraft six years ago, would get its first Dreamliner on Saturday, which is to be followed by the delivery of two more within the next few weeks. However, the fate of the Delay Compensation Agreement, which was A view of 787 Dreamliners for Air India on the production line at the Boeing Commercial Airplane manufacturing facility in Everett, Washington, in February 2011. () cleared by the Union Cabinet in August and is being finetuned by the Union Law Ministry, is still not clear, the sources The agreement, supposed to be signed between the airline and Boeing, is to finalise the compensation to be given by the US aircraft major for almost four-year delay in deliveries. The first batch was supposed to be delivered in September 2008 but design and production issues at Boeing delayed deliveries. With these new aircraft, Air India, which intends to get 14 of them by March next year, would launch flights on several long-haul international sectors, including new services to Australia, later this year. For the next few weeks, the Dreamliner would be operated on the domestic sectors, including Delhi-Mumbai, to enable the pilots and crew get accustomed to its landings and take-offs. Air India was the second world carrier to have placed orders for this aircraft. But due to delays in clearing of the agreement further delayed the plane s deliveries to Air India. Those airlines which have inducted and are already operating this aircraft are Japan s All Nippon Airways, Japan Airlines and Ethiopian Airways. The plane is made of carbon composite material, which makes it light-weight and therefore is considered less fuel guzzler. Boeing claims the plane consumes 20 per cent less fuel compared with the similar-sized B-767s and better fuel efficiency implies lower flying costs. According to Boeing, as many as 47 airlines across the world have ordered nearly 900 Dreamliners. The long-range, twinengine aircraft has four variants, with the longest-range variant capable of flying over 15,000 kms non-stop.

BOTTOM LINE Friday, September 7, 2012 www.qatar-tribune.com 27 GOOGLE SMARTPHONES ON STAND Motorola s three new Droid Razr smartphones on display during the launch, in New York, on Wednesday. (AP) Motorola Mobility unveils 3 phones for Verizon Wireless S Korea probes Samsung on Apple s complaints SEOUL SOUTH Korean regulators are investigating complaints filed by Apple Inc that Samsung Electronics Co is abusing its dominant position in wireless technology, the Korea Fair Trade Commission (FTC) said on Rivals Apple and Samsung are locked in patent disputes in 10 countries, as they vie for market share in the booming mobile industry. Apple won a landmark victory last month after a US jury found the South Korean firm had copied key features of Apple s iphone, awarding Apple $1.05 billion in damages. The jury decided Apple had not violated any of Samsung s patents. The FTC is investigating whether Samsung is unfairly competing in the market by abusing its dominance in wireless technology patents. Apple filed its complaints earlier this year, said an FTC official, who is not authorized to talk to the media. European Union regulators have also been investigating Samsung for possible breaches of antitrust rules by accusing rivals of infringing its technology The FTC is investigating whether Samsung is unfairly competing in the market by abusing its dominance in wireless technology patents. patents. Samsung pledged in 1998 to license its 3G patents to the European Telecommunications Standards Institute on fair, reasonable and nondiscriminatory terms. Samsung said it has at all times met its obligations to the fair licensing of its telecoms standards-related patents. Apple was not immediately available to comment. GOOGLE Inc s Motorola Mobility unveiled three smartphones to help compete with bigger rivals Apple Inc and Samsung Electronics Co for the holiday shopping season. Verizon Wireless, the biggest US mobile provider, will sell all three devices - the Droid Razr HD, the Droid Razr Maxx HD and the Droid Razr M - the companies said on Wednesday. The smartphones will use Google s Android software. Motorola showed off the phones at a press event in New York, its first big media gathering since Google bought Motorola in May. Google has said that the handset maker will remain a separate subsidiary and will make fewer phones than before. The unveiling was part of a flurry of mobile device launches ahead of the holiday season throughout the industry. Earlier on Wednesday, Nokia Oyj and Microsoft Corp unveiled their flagship phone, the Lumia 920, which uses the latest Windows Phone operating Google Chairman Eric Schmidt told the audience that consumers are now activating as many as 1.3 million Android phones every day. software. Nokia did not announce any wireless operator partners for its device. Amazon.com Inc is expected to unwrap new Kindle Fire tablets late on Thursday, and Apple is expected to unveil the latest version of its seminal iphone on September 12. Motorola Mobility s Droid Razr HD boasts a 4.7 inch screen with a sharper picture than Motorola s previous phones. Verizon Wireless did not announce pricing but said the device will be available in time for the holidays. The Razr M is a smaller phone for more cost-conscious consumers, with a 4.3 inch display that covers most of the front of the phone. That device will be available for $99.99 when it goes on sale at Verizon Wireless stores next week. The Droid Razr Maxx HD will have similar features to the Razr HD but will boast a longer battery life. Motorola promised that the device could run for 21 hours of phone calls or 13 hours of video viewing. Google Chairman Eric Schmidt told the audience that consumers are now activating as many as 1.3 million Android phones every day. Motorola rival Samsung is the biggest maker of phones based on Android. Verizon Wireless is a venture of Verizon Communications and Vodaf-one Group Plc. Samsung Electronics facility, in Suzhou, recently. (AFP) Nokia cuts prices of older Windows phones, shares fall HELSINKI Nokia s smartphone, the Lumia 820, equipped with Microsoft Windows Phone 8, is displayed, in New York, on Wednesday. (AP) LOSS-MAKING Nokia has slashed prices of its older smartphone models using Microsoft Windows software, industry sources said on Thursday, a day after investors gave its latest Lumia phones a rapid thumbsdown. Two industry source told Reuters that the Finnish group, which is struggling to recoup ground lost to its rivals, cut the price of its midrange Lumia 800 Windows Phone by around 15 percent this week and made smaller reductions on other Windows models. Nokia shares continued falling on Thursday after slumping 13 percent on Wednesday as the firm unveiled two new Windows Phone models in what may be the last major shot at reclaiming market share lost to Apple Inc, Samsung Electronics Co Ltd and Google Inc. Nokia did not disclose the price or roll-out dates of the new models and its share fell a further 5.3 percent to 1.88 euros by 7:35 am EDT (1135 GMT) on The company did not officially confirm the price cuts but said such steps were a normal part of its business. The lower prices will hurt Nokia s bottom line, particularly in September and October as analysts expect the new models to begin contributing to results only the following month. Analysts said the new models would probably reach the market by November at the earliest, with the high-end 920 model likely to sell for a price similar to the next Apple s iphone. This will be unveiled next week and probably go on sale this month. Following Nokia s product launch Deutsche Bank and Societe Generale both cut their recommendation on the stock to sell. We believe Nokia will struggle to regain sufficient market share with Windows 8 devices to offset increasing pressure on its Mobile Phone business from lowcost Android devices in 2013, Deutsche Bank analyst Kai Korschelt said in a research note. Retail prices of smartphones using Google s market-leading Android software have dropped below $100, a level other smartphones are struggling to reach due to their high requirements on features like processing power. Oracle-Google judge ends bloggers case THE federal judge overseeing a major lawsuit over smartphone technology between Oracle Corp and Google Inc has quietly ended his examination of those companies relationships with paid bloggers and other commentators. US District Judge William Alsup in San Francisco had shocked the legal and blogging communities on August 7 by demanding names of print or internet authors, journalists, commentators or bloggers on the companies payrolls. The judge at the time expressed concern that payments might have influenced Volvo rolls new truck into Europe market GOTHENBURG WORLD No 2 truck maker Volvo launched its first all-new vehicle in 20 years on Thursday, hoping that better fuel economy, a roomier cab and improved handling will spur demand in an ailing European market and justify its biggest ever trucks investment. The truck industry is extremely sensitive to the economic climate and fluctuations in international trade, so the Swedish company s new launch comes at a critical time for its top market, which is clouded by enormous uncertainty amid the European debt crisis. The downturn and accompanying decline in European sales has already prompted Germany s MAN SE to announce a recruitment freeze and Fiat Industrial s Iveco to unveil plans to close five truck plants. Volvo, which sells trucks under the Oracle s logo at a trade fair, in Tokyo, recently. (EPA) writings about the case. Legal experts questioned the breadth of the order, including whether it could violate the writers First Amendment free speech rights. But in an order issued on Tuesday, after Oracle and Google had submitted lists of names, Alsup said he would take no further action regarding the subject of payments by the litigants to commentators and journalists. He also said no commentaries had influenced his rulings in the case, other than any treatise or article he Renault, Mack, UD Trucks and Eicher brands as well as its own name, was showcasing its new Volvo-branded FH trucks, the fruit of 11.5 billion Swedish crowns ($1.7 billion) of investment and five years of development. The new truck is set to sell for about 5,000 euros more per vehicle than its predecessor and will come first to the European market, with production planned for early next year, before launches in markets such as Latin America and Australia. There are no plans to sell the truck in the United States, where hugely different engines and designs are required. But in Europe, the euro zone debt crisis has hammered demand in the south and eaten away at the resilience of larger markets farther north, leaving great uncertainty about the coming months. Handelsbanken Capital Markets analyst Hampus Engellau estimated cited expressly. Alsup has not revealed what prompted his August 7 order. Oracle had sued Google in 2010, claiming that the search engine company s Android mobile platform infringed its patents and violated its rights to the Java programming language. It sought $1 billion of damages on its copyright claims. A federal jury ruled in Google s favor on May 23. Eight days later, Alsup found that Oracle could not claim copyright protection on much of the Java language that Google used. Oracle has said it will appeal. Android is the world s bestselling smartphone operating system. that truck makers have adjusted production to meet a market fall of about 5-6 percent in Europe this year. Volvo is forecasting that the European market for heavy trucks will be about 230,000 units this year, a decline of only 5 percent or so. But what kind of market truck makers actually face will only become clear over the next several weeks. The full-year views of some of Volvo s rivals are also glum, but all are a far cry from the collapse experienced during the 2008/09 financial crisis, when the entire global market went from top gear to a virtual standstill within months. Instead, the European market has been losing speed gradually, leaving Volvo and world No1 manufacturer Daimler cushioned by their global footprints and Scania by a production system lauded as the best and most flexible in the business.

Friday, September 7, 2012 28 www.qatar-tribune.com BULLS & BEARS Dubai Financial Market 1,555.58 0.35 Arabian Scandinavian Insurance Co PLC 2.09 0.00 Acico Industries Co KSCC 4.76 0.00 Agility Public Warehousing KSCC 17.60 0.00 Air Arabia 0.64-1.08 Ajman Bank 0.81-1.22 Al Firdous Holdings 0.70 0.00 Al Mazaya Holding Co KSC 1.02 0.00 Al Sagr National Insurance Co 4.55 0.00 Al Salam Bank Bahrain BSC 0.41 1.23 Alliance Insurance 383.50 0.00 Al Madina for Finance and Investment Co 0.73 14.91 Al Salam Bank Sudan 1.50 0.00 Amlak Finance 1.02 0.00 Arab Heavy Industries 193.35 0.00 Arab Insurance Group BSC 1.80 0.00 Arab Orient Insurance Co 0.00 0.00 Arabtec Holding 2.79 0.00 Aramex 1.80 0.56 Dubai Investment 0.74-0.54 Abu Dhabi Securities Exchange 2,562.67 0.25 Al Ain Ahlia Insurance Co 39.00 0.00 Al Buhaira National Insurance Co 8.00 0.00 Abu Dhabi Aviation 3.00 0.00 Abu Dhabi Commercial Bank 3.35 0.00 Abu Dhabi Islamic Bank 3.22 0.62 Abu Dhabi National Hotels Co 1.70 0.59 Abu Dhabi National Insurance Co 5.61 0.00 Abu Dhabi Ship Building 1.03 0.00 Al Fujairah National Insurance Co 300.00 0.00 Agthia Group 1.95 0.00 Al Khazna Insurance Co 0.72 0.00 Aldar Properties 1.23 1.67 Arkan Building Materials Co 0.80 1.28 International Fish Farming Holding Co 15.55 0.00 Al Wathba National Insurance Co 2.10 0.00 Abu Dhabi National for Building Materials 0.68 0.00 Bank of Sharjah 1.11 0.90 Commercial Bank International 0.92 0.00 Dana Gas Co PJS 0.38 0.00 Al Dhafra Insurance Co 6.43 0.00 Emirates Driving Co 3.00 0.00 Emirates Insurance Co 6.50 0.00 Eshraq properties Company 0.30 0.00 Emirates Telecommunication Corp Ltd 9.49 0.00 Fujairah Building Industries Co 2.01 0.00 Fujairah Cement Industries Co 0.90 0.00 First Gulf Bank 9.70 1.90 Finance House 2.90 0.00 Foodco Holding 1.56 0.00 Bahrain Stock Exchange 1,073.37 0.08 Al Baraka Banking Group 0.86-5.00 Ahli United Bank 0.53 0.00 Alahlia Insurance Co 0.30 0.00 Al Salam Bank Bahrain 0.04 0.00 Aluminum Bahrain (duplicate) 0.50 0.00 Arab Banking Corporation 0.46 0.00 Arab Insurance Group 0.38 0.00 Ahli United Bank 0.39 0.00 Bahrain Kuwait Insurance Co 0.50 0.00 Bahrain Car Parks Co 0.18 0.00 Bahrain Cinema Co 0.84 0.00 Bahrain Commercial Facilities Co 0.42 0.00 Bahrain Duty Free Shop Complex 0.70 0.00 Bahrain Family Leisure Co 0.11 0.00 Bahrain Flour Mills Co 0.37 0.00 Bahrain Islamic Bank 0.09 0.00 Bahrain National Holding Co 0.39 0.00 Bahrain Ship Repairing and Engineering Co 2.00 0.00 Bahrain Telecommunications Co 0.40 1.00 Bahrain Tourism Co 0.31 0.00 Banader Hotels Co 0.06 0.00 BBK 0.38 0.00 DUBAI ABU DHABI BAHRAIN Dubai Islamic Insurance and Reinsurance Co 0.91 2.13 Dubai Islamic Bank 1.96 1.03 Dubai Refreshments 12.25 0.00 Deyaar Development 0.37 0.55 Dubai Financial Market 0.95 0.53 Dubai National Insurance and Reinsurance Co 2.33 0.00 Drake and Scull International 0.87 0.70 Emirates Integrated Telecommunications Co 3.48-0.29 Dubai Development Co 2.24 0.00 Dubai Insurance Co 2.64 0.00 Commercial Bank of Dubai 2.85 0.00 Ekttitab Holding Co KSCC 1.17 7.34 Emirates Islamic Bank 0.00 0.00 Emaar Properties 3.34 1.21 Emirates Investment Bank 776.16 0.00 Emirates NBD Bank 3.03 0.00 Emirates Refreshments 6.05 0.00 Global Investment House KSCC 1.54 0.00 Gulf Finance House BSC 0.50-0.79 Gulf General Investment Co 0.33-6.07 Fujairah Trade Centre 0.00 0.00 Gulf Cement Co 1.01 0.00 Green Crescent Insurance Co 0.30 7.14 Gulf Livestock Co 6.98 0.00 Gulf Medical Projects Co 2.00 0.00 Gulf Pharmaceutical Industries 2.90 0.00 Insurance House 0.95 0.00 Invest Bank 1.75 0.00 Methaq Takaful Insurance Co 1.05 1.94 National Bank of Abu Dhabi 8.46 0.00 National Bank of Fujairah 5.30 0.00 National Bank of Umm Al Qaiwain 1.81 0.00 National Corp for Tourism and Hotels 5.56 0.00 National Marine Dredging 9.45-10.00 Oman and Emirates Investment Holding 0.70 0.00 Umm Al Qaiwain Cement Industries Co 0.79 1.28 Qatar Telecom QSC 101.00 0.00 National Bank of Ras Al Khaimah 4.11 0.24 Ras Al Khaimah for White Cement 1.45 0.00 Ras Al Khaimah National Insurance Co 3.75 0.00 Ras Al Khaimah Poultry and Feeding Co 1.12-2.61 Ras Al Khaimah Cement Co 0.69 0.00 Ras Al Khaimah Ceramics 1.12 3.70 RAK Properties 0.35 0.00 Sharjah Cement and Industrial Development Co 0.72 1.39 Sudatel Telecom Group Ltd 1.03 0.00 Sharjah Islamic Bank 0.88 0.00 Sharjah Insurance Co 5.00 0.00 Sorouh Real Estate Co 1.15 3.70 Abu Dhabi National Energy Co 1.33 0.00 Bank Muscat SAOG 0.62 0.00 Bahrain Middle East Bank 0.07 0.00 BMMI 0.60 0.00 Delmon Poultry Co 0.25 0.00 Esterad Investment Co 0.16-0.64 Global Investment House KSCC 0.38 0.00 Gulf Finance House 0.19 0.00 Gulf Hotel Group 0.63 0.00 Gulf Monetary Group EC 0.04 0.00 Inovest 0.23 0.00 International Investment Group Co 0.68 0.00 Investcorp Bank 796.95 0.00 Ithmaar Bank 0.17-5.71 Khaleeji Commercial Bank 0.03 0.00 Nass Corporation 0.14 0.00 National Bank of Bahrain 0.54 5.88 National Hotels Co 0.45 0.00 Securities and Investment Co C 0.31 0.00 Seef Properties 0.13 2.46 Taib Bank C 2.73 0.00 Takaful International Co 0.29 0.00 Trafco Group 0.25 0.00 United Finance Co SAOG 0.37 0.00 QATAR EXCHANGE ADJ.CLOSE CHANGE CHANGE % BID SIZE BID ASK ASK SIZE OPEN HIGH LOW LAST PREVIUOS CLOSE NUMBER TRADES VOLUME TRADED VALUE (000) YEAR HIGH YEAR LOW Aamal Holding 16.23 (0.07) (0.43) 3,000 16.10 16.23 259 16.30 16.30 16.21 16.23 16.30 10 20,718 336.98 18.27 14.00 Al-Ahli Bank of Qatar 60.20 (0.40) (0.66) 800 60.20 63.00 55,080 61.40 61.40 60.20 60.20 60.60 5 5,399 327.38 104.80 54.50 Al Khaleeji Bank 17.52 0.06 0.34 2,000 17.46 17.52 229 17.52 17.52 17.52 17.52 17.46 6 1,977 34.64 18.29 16.05 Al Meera Consumer 166.00 0.90 0.55 120 166.00 166.30 200 164.00 166.50 164.00 166.00 165.10 49 12,768 2,104.98 198.00 140.00 Al Khaleej Holding 25.70 0.30 1.18 1,000 25.60 25.70 21,938 25.50 25.70 25.35 25.70 25.40 167 200,105 5,097.63 27.10 13.75 Al Khaleej Group 45.85 (0.55) (1.19) 1,000 45.80 45.85 400 46.00 46.45 45.50 45.85 46.40 49 39,883 1,822.46 47.50 38.00 Barwa Real Estate QSC 29.00 (0.10) (0.34) 15,852 29.00 29.05 30 29.15 29.45 28.95 29.00 29.10 385 901,653 26,301.89 30.85 26.10 Dlala Brokerage and Investment Holding Co 43.00 (0.50) (1.15) 500 43.25 43.75 400 43.50 44.00 43.00 43.00 43.50 17 22,006 954.25 57.80 14.04 Doha Bank Ltd 56.00 0.00 0.00 4,215 56.00 56.20 4,211 56.20 56.80 56.00 56.00 56.00 94 55,540 3,119.40 67.20 53.00 Doha Insurance Co 29.05 0.25 0.87 87 28.95 29.05 286 29.10 29.65 28.90 29.05 28.80 8 4,978 144.84 37.00 24.00 Ezdan Real Estate 22.00 0.00 0.00 152 21.95 22.00 513 22.40 22.75 21.95 22.00 22.00 263 462,431 10,218.63 23.95 18.00 Gulf Intr Serv 27.30 0.00 0.00 2,116 27.15 27.30 229 27.35 27.60 27.10 27.30 27.30 48 51,086 1,395.33 27.85 20.66 Gulf Warehousing 40.95 (0.55) (1.33) 2,500 40.90 41.00 48,363 41.45 41.45 40.95 40.95 41.50 108 167,091 6,854.31 44.75 33.50 Industries Qatar QSC 138.20 0.20 0.14 322 137.80 138.20 2,548 137.20 138.20 137.20 138.20 138.00 74 39,556 5,452.16 149.00 124.90 Islamic Holding 38.35 0.45 1.19 5,112 38.00 38.35 3,773 37.05 38.70 37.05 38.35 37.90 152 160,973 6,140.76 39.50 20.08 Mannai Corp. 99.00 (1.90) (1.88) 200 95.10 99.00 934 94.00 99.00 94.00 99.00 100.90 11 1,230 116.45 107.00 81.00 Masraf Al Rayyan 27.05 0.00 0.00 40,000 27.05 27.10 8,496 27.00 27.15 27.00 27.05 27.05 252 185,401 5,019.59 28.00 23.20 Mazaya Qatar 11.66 0.03 0.26 8,233 11.63 11.66 7,208 11.61 11.69 11.61 11.66 11.63 61 173,211 2,017.75 13.19 7.50 Medicare Group 41.40 0.00 0.00 2,550 41.25 41.40 15,203 41.60 41.70 41.05 41.40 41.40 45 44,431 1,841.58 46.00 22.52 National Leasing Company 48.60 0.15 0.31 5,209 48.40 48.60 22,423 48.60 49.00 48.40 48.60 48.45 86 97,359 4,742.21 51.00 38.10 Qatar Cinema and Film 60.50 2.50 4.31 293 56.00 60.50 592 56.00 60.50 56.00 60.50 58.00 2 222 12.61 82.00 56.90 Commercial Bank of Qatar 73.40 1.70 2.37 2,000 72.70 73.40 6,665 71.70 73.40 71.70 73.40 71.70 93 112,751 8,196.49 86.20 67.70 Qatar Electricity & Water 134.20 0.10 0.07 1,970 134.20 135.00 2,159 134.10 135.00 134.00 134.20 134.10 44 32,484 4,377.03 149.00 130.20 Qatar Gas Transport Company 15.83 (0.03) (0.19) 24,348 15.83 15.86 8,442 15.86 15.88 15.78 15.83 15.86 131 263,467 4,169.96 18.30 14.52 Qatar General Insurance & Reinsurance 52.00 4.50 9.47 500 44.50 52.00 15,996 44.00 52.00 44.00 52.00 47.50 5 3,705 175.30 59.50 40.00 Qatar Industrial Manufacturing 55.00 0.50 0.92 4,000 55.00 55.40 962 55.00 55.00 55.00 55.00 54.50 2 500 27.50 58.00 50.00 Qatar International Islamic Bank QSC 51.30 0.20 0.39 3,945 51.30 51.40 288 51.10 51.40 51.10 51.30 51.10 18 18,678 958.05 55.70 47.90 Qatar Islamic Bank 78.00 0.10 0.13 710 77.90 78.00 6,545 77.60 78.40 77.60 78.00 77.90 42 39,450 3,075.88 85.20 75.00 Qatar Islamic Insurance 58.10 0.10 0.17 682 58.10 58.20 500 57.10 58.30 57.10 58.10 58.00 6 2,155 124.26 67.00 51.00 Qatar Meat & Livestock Company 65.50 (1.20) (1.80) 847 65.40 65.50 6,419 66.20 66.70 65.50 65.50 66.70 198 158,445 10,458.78 69.10 31.65 Qatar National Cement 103.50 0.00 0.00 1,000 103.20 104.00 100 104.00 104.00 103.50 103.50 103.50 2 2,110 219.39 116.00 100.20 Qatar Telecom 105.00 (0.50) (0.47) 1,115 104.90 105.00 3,367 105.50 105.50 105.00 105.00 105.50 150 48,348 5,084.61 150.70 101.70 Qatari German Company for Medical Devices 12.71 0.16 1.27 9,659 12.70 12.71 12,753 12.55 13.20 12.55 12.71 12.55 301 991,837 12,836.52 14.80 7.60 Qatar Fuel Company 263.00 1.20 0.46 324 263.00 263.50 100 261.50 263.20 261.50 263.00 261.80 138 39,566 10,374.37 324.00 228.10 Qatar Insurance Company 70.10 0.00 0.00 423 70.10 70.30 1,160 70.00 70.10 70.00 70.10 70.10 12 12,383 867.45 87.50 67.10 Qatar Navigation Q.S.C. 61.40 1.30 2.16 1,173 61.30 61.40 1,757 60.80 62.00 60.60 61.40 60.10 201 154,640 9,494.26 78.60 57.00 Qatar Oman Inves 12.04 0.17 1.43 8,729 12.04 12.05 11,642 11.82 12.15 11.82 12.04 11.87 127 340,149 4,089.03 13.60 8.57 Qatar National Bank 133.70 (0.10) (0.07) 1,804 133.70 133.80 593 133.80 133.90 133.70 133.70 133.80 118 44,136 5,903.04 157.00 130.00 Salam International Investment Co 13.45 (0.07) (0.52) 16,732 13.45 13.55 4,792 13.44 13.66 13.44 13.45 13.52 56 196,418 2,650.55 16.50 11.02 United Development Company 18.93 (0.02) (0.11) 10,000 18.90 18.93 15,059 18.75 18.93 18.70 18.93 18.95 56 199,552 3,765.33 26.60 16.00 Vodafone Qatar 9.02 0.03 0.33 5,999 9.01 9.02 10,000 9.02 9.02 8.98 9.02 8.99 92 332,668 2,997.27 9.98 7.20 ZAD Holding 58.70 (0.10) (0.17) 300 58.70 59.00 180 59.10 59.10 58.70 58.70 58.80 11 4,362 257.01 69.60 46.70 Kuwait Stock Exchange 5,907.57-0.04 Aayan Leasing and Investment Co 71.00 0.00 Aayan Real Estate Co 86.00 0.00 Abyaar Real Estate Development Co 44.00 0.00 Acico Industries Co 226.00 0.89 Advanced Technology Co 700.00 0.00 Al Ahleia Insurance Co SAK 400.00 0.00 Ahli United Bank 910.00 2.25 Ahli United Bank BSC 152.00 0.00 Ajial Real Estate Entertainment Co 150.00-1.32 Al Ahli Bank of Kuwait 630.00-1.56 Al Argan International Real Estate Co 156.00 0.00 Al Deera Holding Co 33.00 0.00 Al Enmaa Real Estate Co 88.00 3.53 Al Madar Finance and Investment Co 33.00-35.29 Al Masar Leasing and Investment Co 42.50 0.00 Al Mazaya Holding Co 70.00 1.45 Al Mowasat Healthcare Co 190.00 0.00 Al Mudon International Real Estate Co 220.00 0.00 Al Nawadi Holding Co 128.00 8.47 Al Qurain Holding Co 22.00 0.00 Al-Safat Energy Holding 58.00 0.00 Al Safat Investment Co 100.00 0.00 Al Safat Tec Holding Co 59.00 0.00 Al Safwa Group Holding Co 13.00 0.00 Al-Salam Group Holding Co 255.00 2.00 Tamdeen Investment Co 166.00 1.22 Al Aman Investment Co 52.00 0.00 Al Mal Investment Co 39.00-2.50 Al Massaleh Real Estate Co 82.00 0.00 Al Ahlia Holding Co 13.00 0.00 Al Dar National Real Estate Co 30.00-1.64 Alimtiaz Investment Group 73.00 0.00 Al Kout Industrial Projects Co 415.00 0.00 Al Madina for Finance and Investment Co 61.00 8.93 Alrai Media Group Co 106.00 0.00 Amwal International Investment Co 100.00 0.00 Aqar Real Estate Investments Co 71.00 0.00 Arab Insurance Group BSC 94.00 0.00 Al Arabiya Real Estate Co 35.00-1.41 Arabi Holding Group Co 118.00 1.72 Aref Energy Holding Co 84.00 0.00 Aref Investment Group 52.00 0.00 Arkan Al Kuwait Real Estate Co 85.00 1.19 Automated Systems Co 440.00 0.00 ALAFCO Aviation Lease and Finance Co 310.00 0.00 Bahrain Kuwait Insurance Co BSC 325.00 0.00 Bayan Investment Co 34.50 1.47 Boubyan Bank 610.00 0.00 Boubyan International Industries Holding Co 53.00 1.92 Boubyan Petrochemical Co 560.00 1.82 Burgan Bank SAK 510.00 5.15 Burgan for Well Drilling Trading 188.00 0.00 City Group Co 530.00 0.00 Muscat Securities Market 5,561.23 0.46 Al Anwar Ceramic Tiles Co 0.37 0.00 Ahli Bank 0.17 1.20 ACWA Power Barka 0.38 0.00 Al Anwar Holdings 0.13-0.75 Al Jazeira Services Co 0.30 1.03 Al Jazeera Steel Products Co 0.30-0.67 Al Batinah Development and Investment 0.06 3.51 Al Omaniya Financial Services 0.30 0.00 Majan College University College 0.31 0.00 Bank Dhofar 0.39 0.00 Bank Muscat 0.56 0.18 Oman Oil Marketing Co 1.86 0.00 Oman Oil Marketing Co 0.25 0.00 Construction Materials Industries 0.06-1.54 Dhofar Cattle Feed Co 0.15-0.65 Dhofar Power Co 2.00 0.00 Dhofar Power Co 2.00 0.00 Dhofar International Development 0.37 0.00 Dhofar Insurance Co 0.18 0.00 Financial Corporation Co 0.12 0.00 Financial Services Co 0.07 0.00 Global Financial Investments Holding 0.09 0.00 KUWAIT MUSCAT Coast Investment and Development Co 40.50 0.00 Commercial Facilities Co SAKC 320.00 1.59 Combined Group Contracting Co SAKC 1,220.00-3.17 Commercial Bank of Kuwait SAK 660.00-1.49 Commercial Real Estate Co 73.00-1.35 National for Consumer Industries Co 102.00 0.00 Credit Rating and Collection 31.00 0.00 Danah Al Safat Foodstuff 73.00-2.67 Egypt Kuwait Holding Company SAE 350.00 0.00 Educational Holding Group 104.00 0.00 Ekttitab Holding Co 87.00 2.35 Equipment Holding Co 124.00 3.33 Eyas for Higher and Technical Education 240.00 0.00 First Dubai for Real Estate Development Co 39.00-2.50 First Investment Co 124.00 1.64 First Takaful Insurance Co 50.00 0.00 Fujairah Cement Industries Co PSC 90.00-1.10 Future Communications Co Global 178.00 0.00 Future Kid Entertainment and Real Estate Co 104.00 0.00 Gulf Franchising Holding Co 84.00 0.00 Global Investment House 48.50 0.00 Grand Real Estate Projects 17.50 0.00 Gulf Bank 400.00 0.00 Gulf Cable and Electrical Industries Co 1,060.00 0.00 Gulf Cement Co PSC 81.00-2.41 Gulf Finance House BSC 38.00-3.80 Gulf Glass Manufacturing Co 820.00 3.80 Gulf Insurance 520.00 0.00 Gulf Investment House 33.00 0.00 Gulf North Africa Holding Co 44.00 0.00 Gulf Petroleum Investment Co 63.00 3.28 Hayat Communications Co 99.00-4.81 Heavy Engineering Industries and Shipbuilding 182.00 0.00 Hilal Cement Co 228.00 0.00 Hits Telecom Holding Co 72.00 1.41 Housing Finance Co 38.50 0.00 Human Soft Holding Co 275.00 0.00 IFA Hotels and Resorts Co 295.00 0.00 Ikarus Petroleum Industries Co 162.00-2.41 Independent Petroleum Group SAKC 330.00 0.00 Industrial and Financial Investments Co 25.00 0.00 Injazzat Real Estate Development Co 54.00 1.89 Inovest BSC 44.00-2.22 International Financial Advisors 41.00 1.23 International Finance Co 83.00-1.19 International Resorts Co 39.00 0.00 Investors Holding Group Co 18.00-2.70 Ithmaar Bank BSC 49.00-3.92 Jazeera Airways 410.00-1.20 Jeeran Holding Co 70.00 0.00 KGL Logistics Co 250.00 0.00 KIPCO Asset Management Co 196.00 0.00 Kuwait and Middle East Financial Investment 46.50 0.00 Kout Food Group 630.00 0.00 Gulf International Chemicals 0.16-1.27 Gulf Investment Services Holding Co 0.09-1.14 HSBC Bank Oman 0.22 0.00 Al Hassan Engineering Co 0.17 2.45 Al Jazeira Services Co 0.55 0.00 Al Kamil Power Co 1.86 0.00 Al Maha Petroleum Products Marketing Co 16.56 0.00 Muscat Finance 0.17 0.00 Majan Glass Co 0.50 0.00 Muscat National Holding Co 1.77 0.00 Muscat Gases Co 0.82 0.00 National Aluminium Products Co 0.23 0.00 National Bank of Oman 0.27-0.75 National Finance Co 0.12 0.00 Omani Qatari Telecommunications Co 0.50 2.07 Oman Cables Industry 0.90 0.00 Oman Cement Co 0.62 0.81 Oman Chlorine 0.49 0.00 Oman and Emirates Investment Holding Co 0.12 0.86 Oman Fisheries Co 0.11 0.00 Oman Flour Mills Co 0.49 0.00 Oman Holdings International Co 0.21 0.00 Oman Investment and Finance Co 0.17 0.00 RIYADH Saudi Stock Exchange Tadawul 7,049.51-0.01 Riyad Bank 23.10 0.00 Bank Aljazira 27.50-1.79 Saudi Investment Bank 16.40-0.91 Saudi Hollandi Bank 27.10 0.74 Banque Saudi Fransi 32.10-0.31 Saudi British Bank 32.00 0.00 Arab National Bank 28.30 1.07 Samba Financial Group 47.90 0.21 Al Rajhi Banking and Investment Corp 73.75 0.00 Bank Albilad 29.80-0.33 Alinma Bank 13.75 1.10 Basic Chemical Industries Ltd 30.80-0.96 Saudi Arabian Mining Co 33.00-1.20 Astra Industrial Group 41.00-0.24 Al Sorayai Trading and Industrial Group Co Ltd 27.30 4.60 Al Hassan Ghazi Ibrahim Shaker Co 71.25 0.35 United Wire Factories Co 38.40-1.03 Mohammad Al Mojil Group Co 12.55 0.00 Saudi Steel Pipes Co 24.50-0.61 Abdullah Abdul Mohsin AlKhodari Sons Co KSC 34.80 1.17 Methanol Chemicals Co 15.35-0.65 National Petrochemical Co 22.25 0.00 Saudi Basic Industries Corp 89.00 0.00 Saudi Arabian Fertilizers Co 184.00 0.14 Saudi Arabia Refineries Co 67.50 4.25 Saudi Ceramic Co 90.75 0.27 Savola Group 38.50-0.52 National Industrialization Co 32.50-0.61 Saudi Pharmaceutical Industries 43.80-0.91 National Gas and Industrialization Co 21.40-1.38 National Gypsum Co 29.40-0.68 Food Products Co 27.00-0.74 Saudi Cable Co 16.15-0.31 Saudi Advanced Industries Co 19.70-1.75 Saudi Industrial Development Co 18.70 0.27 Al Ahsa Development Co 15.15 0.00 National Co for Glass Industries 29.50-1.01 Saudi Arabian Amiantit Co 16.10-1.23 Alujain Corp 16.85-0.29 Filling and Packing Materials Manufacturing Co 43.20 0.70 Saudi Industrial Services Co 15.15-0.98 Arabian Pipes Co 25.00 0.00 Nama Chemicals Co 16.60-0.30 National Metal Manufacturing and Casting Co 28.30 0.00 Saudi Chemical Company 39.90 0.25 Zamil Industrial Investment Co 30.10 0.67 Saudi Industrial Investment Group 23.00-1.08 Sahara Petrochemical Co 13.90-0.71 Saudia Dairy and Foodstuff Co 62.25-0.40 Almarai Co 68.50-0.72 Yanbu National Petrochemical Co 45.50-0.44 Saudi Paper Manufacturing Co 32.90-0.60 Saudi International Petrochemical Co 19.50-0.26 Al Babtain Power and Telecommunication Co 28.00 1.45 Advanced Petrochemical Co 27.20-0.73 Al Abdullatif Industrial Investment Co 30.40 4.11 Saudi Kayan Petrochemical Co 14.15-0.35 Saudi Vitrified Clay Pipe Co 66.25-0.75 Middle East Specialized Cables Co 20.65-1.20 Rabigh Refining and Petrochemical Co 19.40-1.02 Arabian Cement Co 53.00-0.47 Yamamah Saudi Cement Co 46.90 0.21 Saudi Cement Co 89.00 0.00 Qassim Cement Co 77.00 0.00 Southern Province Cement Co 103.00-0.24 Yanbu Cement Co 75.50-0.33 Eastern Province Cement Co 53.00-0.47 Tabuk Cement Co 24.70-0.40 Al Jouf Cement Co 17.85 0.00 Abdullah Al Othaim Markets Co 93.00 0.00 Mouwasat Medical Services Co 51.75 0.98 Saudi Hotels and Resorts Co 28.00 1.08 Saudi Real Estate Co 27.20-0.73 National Shipping Co of Saudi Arabia 18.15 0.00 Saudi Public Transport Co 16.35 0.31 Saudi Automotive Services Co 18.35-0.27 Information contained herein is believed to be reliable & has been obtained from sources believed to be reliable, but its accuracy & completeness cannot be guaranteed. This publication is provided for information purposes only and is not intended as an offer or solicitation for the sale of any financial instrument. Prior to entering into any transaction, investors are advised to obtain independent advice regarding the suitability of particular financial instruments/strategies based on their investment objectives.

BULLS & BEARS Friday, September 7, 2012 www.qatar-tribune.com 29 FTSE NASDAQ TOP GAINERS NASDAQ TOP LOSERS STANDARD & POOR S FTSE100 International 5,777.34 2.11 Anglo American PLC 1,837.50 4.67 Associated British Foods PLC 1,336.00 1.29 Admiral Group PLC 1,134.00 0.71 Aberdeen Asset Management PLC 284.90 1.21 Aggreko PLC 2,335.00 1.79 AMEC P L C 1,101.00 0.64 Antofagasta PLC 1,156.85 5.38 ARM Holdings PLC 546.00 2.82 Ashmore Group PLC 329.80 2.55 Aviva PLC 344.90 5.31 AstraZeneca PLC 2,931.00 0.36 Babcock International Group PLC 930.00 0.11 BAE Systems PLC 326.30 1.56 Barclays PLC 192.70 5.91 British American Tobacco PLC 3,240.50 1.01 BG Group PLC 1,263.50 3.48 British Land Company PLC 539.25 1.51 Bhp Billiton PLC 1,822.85 3.71 Bunzl PLC 1,132.00 0.80 BP PLC 430.70 1.59 Burberry Group PLC 1,310.00-1.28 British Sky Broadcasting Group PLC 768.50 1.12 BT Group PLC 225.20 1.26 Carnival PLC 2,195.00 2.24 Centrica PLC 335.20 1.79 Compass Group PLC 716.00 1.99 Capita PLC 740.00 1.44 Croda International PLC 2,451.00 0.91 CRH PLC 1,146.00 3.06 Capital Shopping Centres Group PLC 343.30 2.26 Diageo PLC 1,757.32 0.57 Eurasian Natural Resources Corporation PLC 310.90 5.00 EVRAZ plc 226.20 6.95 Experian PLC 1,018.00 1.60 Fresnillo PLC 1,685.00 2.87 G4S PLC 257.00 2.07 GKN PLC 220.60 2.60 Glencore International PLC 390.87 0.19 GlaxoSmithKline PLC 1,437.50 1.09 Hammerson PLC 466.50 2.66 Hargreaves Lansdown PLC 649.50 3.75 HSBC Holdings PLC 554.10 2.42 ICAP PLC 323.90 3.05 International Consolidated Airlines Group SA 144.20 3.22 InterContinental Hotels Group PLC 1,619.00 0.25 IMI PLC 866.00 3.40 Imperial Tobacco Group PLC 2,344.00-2.58 Intertek Group PLC 2,861.00 1.78 ITV PLC 87.00 2.47 Johnson Matthey PLC 2,416.00 2.11 BSE Ltd 17,346.27 0.19 India Index Services and Products Ltd 5,238.40 0.24 ABB Ltd 718.00 0.24 ACC Ltd 1,335.25 2.59 Adani Enterprises Ltd 153.45-0.62 Adani Ports and Special Economic Zone Ltd 114.25-0.95 Adani Power Ltd 42.05 1.20 Aditya Birla Nuvo Ltd 755.15-0.06 Allahabad Bank 119.40 0.04 Alstom T&D India Ltd 180.30-0.96 Ambuja Cements Ltd 188.60 4.55 Andhra Bank 90.20-0.22 Apollo Hospitals Enterprise Ltd 629.25-0.93 Apollo Tyres Ltd 91.50-0.60 Ashok Leyland Ltd 20.70 0.00 Asian Paints Ltd 3,692.05 1.26 Astrazeneca Pharma India Ltd 1,749.10-2.59 Aurobindo Pharma Ltd 119.30 2.58 Axis Bank Ltd 948.75 1.98 Bajaj Auto Ltd 1,642.75-0.18 Bajaj Finserv Ltd 783.75-0.77 Bajaj Holdings And Investment Ltd 747.45-0.32 Bank of India Ltd 255.85 0.12 Bata India Ltd 875.05 0.25 Bharat Electronics Ltd 1,225.85 0.52 Bharat Forge Ltd 276.05 0.35 Bharat Petroleum Corp Ltd 347.85 0.86 Bharti Airtel Ltd 252.45-2.09 Bharat Heavy Electricals Ltd 201.35-3.20 Bhushan Steel Ltd 462.35 0.09 Biocon Ltd 265.05 0.17 Bank of Baroda 610.50-0.35 Bosch Ltd 0.00 0.00 Bosch Ltd 8,488.05 0.26 Britannia Industries Ltd 503.55 0.44 Cadila Healthcare Ltd 891.85-1.21 Cairn India Ltd 331.40-0.67 Canara Bank Ltd 311.50-2.06 Castrol India Ltd 273.35-0.15 Central Bank Of India 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Cement Company Ltd 49.61-0.24 Dawood Hercules Corporation Ltd 31.43-0.41 Dreamworld Ltd 440.00 0.00 East West Insurance Co Ltd 223.38 0.00 E F U General Insurance Ltd 76.25-0.97 EFU Life Assurance Ltd 80.84 1.05 Kazakhmys PLC 588.83 4.65 Kingfisher PLC 282.10 1.95 Land Securities Group PLC 799.00 1.72 Legal & General Group PLC 133.80 3.24 Lloyds Banking Group PLC 34.34 6.40 Meggitt PLC 400.00 1.06 Marks and Spencer Group PLC 359.90 1.44 WM Morrison Supermarkets P L C 292.54 4.20 National Grid PLC 697.50 1.01 Next PLC 3,615.00 0.53 Old Mutual PLC 171.60 1.90 Petrofac Ltd 1,567.00 0.84 Pennon Group PLC 742.00 0.68 Polymetal International PLC 1,020.00 6.58 Prudential PLC 813.50 3.83 Pearson PLC 1,202.00 1.69 Reckitt Benckiser Group PLC 3,674.00 1.63 Royal Bank of Scotland Group PLC 232.40 4.26 Royal Dutch Shell PLC 2,222.00 1.67 Royal Dutch Shell PLC 2,296.50 1.80 Reed Elsevier PLC 603.50-0.25 Rexam PLC 424.80 1.43 Rio Tinto PLC 2,846.00 4.71 Rolls-Royce Holdings PLC 832.50 0.54 Randgold Resources Ltd 6,800.00 5.34 RSA Insurance Group PLC 114.30 1.24 Resolution Ltd 204.50 0.74 SABMiller PLC 2,843.50 2.62 J Sainsbury PLC 331.80 2.47 Schroders PLC 1,464.00 2.81 The Sage Group PLC 304.10 1.03 Shire PLC 1,971.00 1.49 Standard Life PLC 275.80 2.76 Smiths Group PLC 1,055.00 1.93 Smith & Nephew PLC 678.50 0.82 Serco Group PLC 565.00 0.62 SSE PLC 1,372.00 1.11 Standard Chartered PLC 1,418.00 3.24 Severn Trent PLC 1,717.00 1.42 Tate & Lyle PLC 639.00-1.92 Tullow Oil PLC 1,384.00 2.14 Tesco PLC 349.90 2.67 Unilever PLC 2,309.00 1.67 United Utilities Group PLC 708.00 0.35 Vedanta Resources PLC 927.50 5.76 Vodafone Group PLC 178.55 1.16 Weir Group PLC 1,629.00 4.02 Wolseley PLC 2,680.00 2.29 WPP PLC 827.50 1.47 Whitbread PLC 2,210.00 5.29 Xstrata PLC 978.25 4.37 Crompton Greaves Ltd 106.15-0.93 Cummins India Ltd 465.50 4.21 Dabur India Ltd 127.60 0.00 Dish Tv India Ltd 71.75 1.85 Divis Laboratories Ltd 1,137.75 1.45 DLF Ltd 193.00 0.03 Dr.Reddy s Laboratories Ltd 1,674.25-0.10 EIH Ltd 76.10 0.07 Eicher Motors Ltd 2,061.50 0.29 Emami Ltd 507.85 1.16 Engineers India Ltd 215.50 2.06 Essar Oil Ltd 48.45-0.21 Exide Industries Ltd 142.30-0.35 Federal Bank Ltd 401.00 0.01 Financial Technologies (India) Ltd 836.55 1.14 Fortis Healthcare Ltd 93.50 0.11 GAIL (India) Ltd 360.55 1.65 Gitanjali Gems Ltd 343.40-1.09 GlaxoSmithKline Consumer Healthcare Ltd 2,909.95 0.71 GlaxoSmithKline Pharmaceuticals Ltd 2,102.20 0.42 Glenmark Pharmaceuticals Ltd 423.25 0.83 GMR Infrastructure Ltd 19.30-1.03 Godrej Consumer Products Ltd 676.95-0.13 Godrej Industries Ltd 255.55 3.07 Grasim Industries Ltd 2,929.25 0.09 Gujarat Mineral Development Corp Ltd 185.20-0.48 Gujarat Fluorochemicals Ltd 354.75-1.98 Gujarat Gas Co Ltd 296.25 0.41 Gujarat State Petronet Ltd 74.60-4.48 Havells India Ltd 552.20-0.58 HCL Technologies Ltd 567.75 1.03 HDFC Bank Ltd 586.60-0.91 Hero MotoCorp Ltd 1,792.05-0.89 Hexaware Technologies Ltd 128.65 3.08 Hindustan Copper Ltd 259.30 2.21 Hindustan Unilever Ltd 525.70-0.98 Hindustan Unilever Ltd 0.00 0.00 Hindustan Zinc Ltd 125.70-0.24 Hindustan Petroleum Corp Ltd 308.90 1.68 Hindalco Industries Ltd 101.70 0.69 Housing Development Finance Corporation Ltd 722.60-0.28 Housing Development & Infrastructure Ltd 68.80-1.78 IFCI Ltd 25.00-0.79 ING Vysya Bank Ltd 373.70-0.36 Indian Oil Corporation Ltd 247.30 0.92 ICICI Bank Ltd 895.90 1.86 IDBI Bank Ltd 86.75 0.52 Idea Cellular Ltd 76.90-0.58 IDFC Ltd 123.95-1.55 Indiabulls Real Estate Ltd 43.70-0.91 Engro Corporation Ltd 105.50 1.35 Engro Foods Ltd 72.38-2.33 Engro Polymer and Chemicals Ltd 10.10 2.43 Fatima Fertilizer Co Ltd 23.12-0.73 Fauji Fertilizer Bin Qasim Ltd 39.06-0.89 Fauji Cement Co Ltd 6.43-2.58 Fauji Fertilizer Company Ltd 114.12-0.42 Faysal Bank Ltd 9.94 0.30 Feroze1888 Mills Ltd 36.15 0.00 Ghani Glass Ltd 63.10 1.77 Glaxo Smithkline Pakistan Ltd 68.30-1.04 Grays of Cambridge Pakistan Ltd 30.67 5.00 Habib Bank Ltd 113.00-0.86 Habib Metropolitan Bank Ltd 18.25-1.35 Hub Power Co Ltd 47.85-1.83 Ibrahim Fibres Ltd 50.75 1.50 ICI Pakistan Ltd 166.00-0.35 Indus Dyeing and Manufacturing Co Ltd 399.21 0.00 Indus Motor Company Ltd 297.00 0.43 IGI Insurance Ltd 64.00-0.78 International Steels Ltd 14.55 0.97 JDW Sugar Mills Ltd 107.25 0.00 Jahangir Siddiqui and Co Ltd 13.95-1.48 Javedan Corporation Ltd 90.05 0.00 Jubilee General Insurance Co Ltd 63.00 0.32 MUMBAI KARACHI Grupo Aeroportuario del Centro Norte SAB 16.85 11.74 Greene County Bancorp Inc 23.00 11.22 Snyder s-lance Inc 24.97 10.98 Beasley Broadcast Group Inc 5.11 10.37 Caesars Entertainment Corp 7.15 10.34 UTi Worldwide Inc 14.78 9.89 Tegal Corp 3.45 9.87 BCD Semiconductor Manufacturing Ltd 3.95 9.72 Integrated Device Technology Inc 5.84 9.68 Merge Healthcare Inc 3.53 9.63 Physicians Formula Holdings Inc 4.79 9.61 Orexigen Therapeutics Inc 5.37 9.37 Charm Communications Inc 4.30 9.14 Camco Financial Corp 2.28 9.09 Keating Capital Inc 7.80 8.94 Corinthian Colleges Inc 2.35 8.80 Career Education Corp 3.63 8.68 Education Management Corp 3.38 8.68 Ceres Inc 7.67 8.64 Sunesis Pharmaceuticals Inc 3.42 8.57 Homeowners Choice Inc 5.86 8.12 SanDisk Corp 43.83 7.96 First Solar Inc 20.07 7.61 Cypress Semiconductor Corp 12.53 7.60 Micron Technology Inc 6.65 7.43 Dow Jones & Company Index 30 13,284.77 1.82 Dj Comp Average 4,444.01 1.72 Alcoa Inc 8.77 2.96 Walt Disney Co 51.57 1.54 Johnson & Johnson 68.08 1.20 PG&E Corp 43.28 0.70 American Electric Power Company Inc 43.39 1.02 Duke Energy Corp 64.87 0.62 JPMorgan Chase & Co 38.69 4.26 Public Service Enterprise Group Inc 31.70 1.38 AES Corp 11.40 0.97 Consolidated Edison Inc 60.99 1.09 Kraft Foods Inc 42.39 1.73 Pfizer Inc 24.31 1.63 Alaska Air Group Inc 34.50 1.98 Edison International 44.39 0.91 The Coca-Cola Co 38.15 1.71 Procter & Gamble Co 67.87 0.86 American Express Co 57.77 1.01 Exelon Corp 36.31 1.42 Kansas City Southern 77.75 1.55 Ryder System Inc 40.74 2.34 Boeing Co 72.97 1.46 Expeditors International of Washington Inc 37.27 2.87 Indiabulls Financial Services Ltd 190.95-2.65 Indian Bank 153.55-1.48 Indian Hotels Company Ltd 59.15 0.51 Indian Overseas Bank 66.35-0.90 Indraprastha Gas Ltd 239.90-0.35 Indusind Bank Ltd 312.40-0.13 Infosys Ltd 2,422.20 3.58 IPCA Laboratories Ltd 440.40 2.13 Irb Infrastructure Developers Ltd 123.45-2.18 ITC Ltd 260.80-2.69 JSW Steel Ltd 659.10 0.75 Jain Irrigation Systems Ltd 61.10-1.21 Jaiprakash Associates Ltd 65.00 1.80 Jaiprakash Hydro Power Ltd 26.60 0.00 Jaypee Infratech Ltd 43.80 0.46 Jindal Steel And Power Ltd 342.65 1.98 JSW Energy Ltd 47.50 3.49 JSW Ispat Steel Ltd 9.06 0.55 Jubilant Foodworks Ltd 1,233.35 0.43 Kotak Mahindra Bank Ltd 572.30 0.68 L&T Finance Holdings Ltd 44.10 0.23 Lanco Infratech Ltd 10.80-0.92 Larsen & Toubro Ltd 1,317.10-0.55 LIC Housing Finance Ltd 239.90 0.71 Lupin Ltd 606.45 3.48 MMTC Ltd 755.15 2.31 Mahindra and Mahindra Financial Services Ltd 750.80 1.52 Mahindra and Mahindra Ltd 758.35 0.49 Moil Ltd 249.40 2.17 Marico Ltd 202.50-0.81 Maruti Suzuki India Ltd 1,183.85 0.80 Max India Ltd 179.25-1.02 Motherson Sumi Systems Ltd 197.35 2.84 MphasiS Ltd 385.75 1.09 MRF Ltd 10,104.25 0.65 Mangalore Refinery and Petrochemicals Ltd 61.60 0.90 Muthoot Finance Ltd 130.80 0.15 NTPC Ltd 171.55 1.81 National Aluminium Co Ltd 49.60-0.80 Nestle India Ltd 4,597.95 0.17 Neyveli Lignite Corporation Ltd 78.25 1.49 NHPC Ltd 17.65 0.00 NMDC Ltd 183.15 0.22 Oil and Natural Gas Corporation Ltd 274.35 0.49 Oberoi Realty Ltd 229.00 0.66 Oil India Ltd 490.05 1.41 Opto Circuits (India) Ltd 126.00 1.29 Oracle Financial Services Software Ltd 2,952.85 0.91 Oriental Bank Of Commerce Ltd 219.40 0.48 Pantaloon Retail India Ltd 138.45-0.04 Karachi Electric Supply Company Ltd 6.47 3.52 KOT Addu Power Company Ltd 47.70-0.67 Lotte Pakistan Pta Ltd 7.20 0.14 Lucky Cement Ltd 132.00-1.71 Mari Gas Compamny Ltd 107.00-0.93 MCB Bank Ltd 185.00-1.21 Media Times Ltd 5.70 0.71 Meezan Bank Ltd 27.00-0.30 Millat Tractors Ltd 525.10-0.12 Murree Brewery Company Ltd 136.95 3.91 National Bank of Pakistan 44.94-1.12 National Refinery Ltd 229.60-3.39 Nestle Pakistan Ltd 4,000.00 0.00 NetSol Technologies Ltd 17.95 5.90 NIB Bank Ltd 2.21-1.78 Nishat Chunian Power Ltd 15.83-1.06 Nishat Mills Ltd 56.02-1.25 Nishat Power Ltd 15.35-0.71 Oil and Gas Development Co Ltd 175.00-0.18 Pakistan International Airline Corp 2.27-5.02 Pakistan Telecommunication Co Ltd 19.61 5.37 Pace Pakistan Ltd 2.84 1.07 Packages Ltd 100.50-1.35 Pakistan International Container Terminal Ltd 155.50-2.51 Pakistan Oilfields Ltd 417.00-1.91 DOW JONES OCZ Technology Group Inc 4.18-22.01 Tangoe Inc 13.70-19.41 Crumbs Bake Shop Inc 2.46-13.38 Dixie Group Inc 3.10-12.68 Helios and Matheson Information Technology Inc 2.12-12.03 Astea International Inc 4.34-11.25 MarketAxess Holdings Inc 30.20-11.18 Internet Gold Golden Lines Ltd 2.49-10.75 AeroVironment Inc 21.84-9.83 Warner Chilcott PLC 12.81-9.73 Power-One Inc 5.91-9.22 Sigma Designs Inc 6.15-9.16 Microvision Inc 2.52-9.03 LiveDeal Inc 4.01-8.45 Credit Acceptance Corp 92.15-7.37 Severn Bancorp Inc 2.92-7.01 SeaChange International Inc 8.03-6.63 ProShares UltraPro Short QQQ 36.14-5.98 Perceptron Inc 5.26-5.90 Somerset Hills Bancorp 8.72-5.63 Digital Cinema Destinations Corp 5.64-5.53 Oak Ridge Financial Services Inc 3.27-5.49 Blueknight Energy Partners LP 8.50-5.45 B Communications Ltd 3.24-5.26 Arena Pharmaceuticals Inc 8.69-5.13 Landstar System Inc 48.52 1.38 Southern Co 45.93 1.23 Bank of America Corp 8.30 4.40 FedEx Corp 86.79 1.32 Southwest Airlines Co 9.29 2.20 AT&T Inc 37.43 1.35 Caterpillar Inc 84.66 2.31 Firstenergy Corp 43.32 1.26 Matson Inc 23.29 2.69 Travelers Companies Inc 65.29 1.90 CH Robinson Worldwide Inc 57.40 1.83 General Electric Co 21.18 2.58 McDonald s Corp 90.57 1.70 United Continental Holdings Inc 19.59 2.73 CenterPoint Energy Inc 20.88 1.16 GATX Corp 42.69 2.10 3M Co 93.09 1.46 Union Pacific Corp 120.58 1.13 Con-way Inc 30.25 0.90 Home Depot Inc 57.29 1.33 Merck & Co Inc 44.16 1.66 United Parcel Service Inc 72.49 0.76 Cisco Systems Inc 19.46 2.96 Hewlett-Packard Co 17.56 1.68 Petronet LNG Ltd 156.55-0.85 Pidilite Industries Ltd 197.00 1.00 Pipavav Defence and Offshore Engineering Co Ltd71.00 1.65 Piramal Enterprises Ltd 467.95-0.49 Power Finance Corporation Ltd 154.40-1.09 Power Grid Corporation of India Ltd 120.80-1.51 Punjab National Bank 666.70-0.29 Ranbaxy Laboratories Ltd 545.40-1.46 Rashtriya Chemicals and Fertilizers Ltd 52.00 0.48 Reliance Capital Ltd 328.60-0.48 Reliance Communications Ltd 49.40 0.10 Reliance Infrastructure Ltd 441.75-0.48 Reliance Natural Resources Ltd 42.15 0.00 Reliance Power Ltd 78.10 0.19 Reliance Industries Ltd 767.35-0.48 Ruchi Soya Industries Ltd 82.90-0.12 Rural Electrification Corp Ltd 182.10-0.08 SJVN Ltd 19.05 0.00 State Bank of India 1,852.75 1.15 Sesa Goa Ltd 163.05-0.79 Shree Cement Ltd 3,368.60-1.01 Shriram Transport Finance Company Ltd 634.55 0.92 Siemens Ltd 668.00 0.45 Steel Authority Of India Ltd 76.70 0.39 Sterlite Industries (India) Ltd 93.80 0.64 Strides Arcolab Ltd 855.50 0.51 Sun Pharmaceutical Industries Ltd 651.85 0.06 Sun TV Network Ltd 303.90 2.36 Suzlon Energy Ltd 15.18 0.13 Syndicate Bank Ltd 93.95-0.21 Tata Chemicals Ltd 313.10 0.95 Tata Communications Ltd 228.00 1.40 Tata Consultancy Services Ltd 1,376.25 1.11 Tata Global Beverages Ltd 135.40 1.35 Tata Motors Ltd 233.05 1.90 Tata Power Company Ltd 95.35 0.21 Tata Steel Ltd 350.65-0.01 Tech Mahindra Ltd 837.60 0.73 Thermax Ltd 488.20 0.48 Titan Industries Ltd 220.35-0.92 Torrent Power Ltd 179.95 9.86 TTK Prestige Ltd 3,346.30 0.38 UCO Bank 63.80-0.23 UltraTech Cement Ltd 1,692.85 1.18 Union Bank Of India 156.15-0.92 Unitech Ltd 18.45-0.27 United Breweries Ltd 627.40-1.66 United Phosphorus Ltd 121.25 0.83 United Spirits Ltd 988.70-2.51 Videocon Industries Ltd 173.15-0.23 Pakistan Petroleum Ltd 222.70-0.83 Pakistan Reinsurance Company Ltd 18.52-0.91 Pakistan Services Ltd 162.00-0.75 Pakistan State Oil Company Ltd 255.00-0.58 Pak Suzuki Motor Co Ltd 101.00-0.13 Pakistan Cables Ltd 45.15 0.00 Pakistan Tobacco Company Ltd 58.60-2.82 Philip Morris (Pakistan) Ltd 142.00-2.85 PICIC Growth Fund 14.11-0.77 Rafhan Maize Products Co Ltd 4,198.00 0.00 Security Papers Ltd 54.00-0.52 Shell Pakistan Ltd 132.47 4.99 Shifa International Hospitals Ltd 45.00 3.47 Siemens Pakistan Engineering Co Ltd 900.00-2.07 Silkbank Ltd 2.17-1.36 Soneri Bank Ltd 7.30 0.27 Standard Chartered Bank (Pakistan) Ltd 12.25-1.53 Sui Northern Gas Pipelines Ltd 19.45 0.36 Sui Southern Gas Co Ltd 20.88 0.53 Tandlianwala Sugar Mills Ltd 83.00 2.47 Thal Ltd 122.55-1.27 TRG Pakistan Ltd 3.84-0.52 Tri-Pack Films Ltd 188.00-0.71 Unilever Pakistan Ltd 8,800.00 0.00 Unilever Pakistan Foods Ltd 3,148.00 0.00 Standard & Poor s 500 1,429.63 1.87 Standard & Poor s 100 657.29 1.86 Apple Inc 674.26 0.60 Abbott Laboratories 66.64 1.35 Accenture PLC 63.05 2.77 American Electric Power Company Inc 43.39 1.02 Allstate Corp 38.39 1.59 Amgen Inc 84.79 0.84 Amazon.Com Inc 251.90 2.31 Apache Corp 86.97 2.96 Anadarko Petroleum Corp 70.63 2.84 American Express Co 57.77 1.01 Boeing Co 72.97 1.46 Bank of America Corp 8.30 4.40 Baxter International Inc 58.66 1.00 Baker Hughes Inc 45.34 1.98 Bank of New York Mellon Corp 23.09 2.53 Bristol-Myers Squibb Co 33.37 0.88 Berkshire Hathaway Inc 85.98 0.93 Citigroup Inc 30.89 3.76 Caterpillar Inc 84.66 2.31 Colgate-Palmolive Co 107.37 0.82 Comcast Corp 34.34 1.87 Capital One Financial Corp 56.99 1.46 ConocoPhillips 55.95 1.97 Costco Wholesale Corp 99.48 1.28 Cisco Systems Inc 19.46 2.96 CVS Caremark Corp 46.37 1.84 Chevron Corp 112.86 1.89 E. I. du Pont de Nemours and Co 49.91 2.32 Dell Inc 10.65 1.19 Walt Disney Co 51.57 1.54 Dow Chemical Co 29.04 2.07 Devon Energy Corp 58.57 2.74 ebay Inc 48.84 3.54 EMC Corp 27.34 3.52 Emerson Electric Co 49.84 1.71 Exelon Corp 36.31 1.42 Ford Motor Co 9.82 2.61 Freeport-McMoRan Copper & Gold Inc 36.49 3.52 FedEx Corp 86.79 1.32 General Dynamics Corp 66.23 2.24 General Electric Co 21.18 2.58 Gilead Sciences Inc 59.14 1.20 Google Inc 693.54 1.88 Goldman Sachs Group Inc 112.35 2.19 Halliburton Co 32.95 1.67 Home Depot Inc 57.29 1.33 H.J. Heinz Co 56.08 1.06 Honeywell International Inc 58.97 2.79 Hewlett-Packard Co 17.56 1.68 International Business Machines Corp 198.09 1.56 Intel Corp 24.91 2.13 Johnson & Johnson 68.08 1.20 JPMorgan Chase & Co 38.69 4.26 Kraft Foods Inc 42.39 1.73 The Coca-Cola Co 38.15 1.71 Eli Lilly and Co 46.22 0.90 Lockheed Martin Corp 92.42 0.97 Lowe s Companies Inc 28.72 2.21 MasterCard Inc 429.28 1.70 McDonald s Corp 90.57 1.70 Medtronic Inc 41.56 1.74 Metlife Inc 35.04 3.03 3M Co 93.09 1.46 Altria Group Inc 34.49 0.70 Monsanto Co 88.86 1.50 Merck & Co Inc 44.16 1.66 Morgan Stanley 16.12 2.81 Microsoft Corp 31.27 2.90 Nike Inc 98.79 1.48 National Oilwell Varco Inc 79.58 1.29 Norfolk Southern Corp 71.29 1.73 News Corp 24.44 2.91 Oracle Corp 32.75 2.12 Occidental Petroleum Corp 84.51 2.92 PepsiCo Inc 72.22 0.95 TOKYO Nikkei 225 8,680.57 0.01 Tokyo Stock Exchange [ TOPX100] 475.40 0.36 Inpex Corp 431,000 0.58 Asahi Glass Co Ltd 474 1.07 TDK Corp 2,814-1.51 Marubeni Corp 482-1.03 Mitsubishi Estate Co Ltd 1,372 1.11 Daiwa House Industry Co Ltd 1,091 1.87 Nippon Steel Corp 150 0.67 Keyence Corp 20,090 0.30 Mitsui & Co Ltd 1,053-0.75 Sumitomo Realty & Development Co Ltd 1,950 2.25 Sekisui House Ltd 721-1.64 Sumitomo Metal Industries Ltd 110 0.92 Denso Corp 2,584 1.45 Tokyo Electron Ltd 3,590-0.69 East Japan Railway Co 5,130 0.39 Kirin Holdings Co Ltd 983-0.51 Kobe Steel Ltd 57-5.00 Fanuc Corp 12,600 0.40 Sumitomo Corp 1,022 0.99 West Japan Railway Co 3,350 0.00 Japan Tobacco Inc 2,306 2.72 JFE Holdings Inc 956-2.05 Rohm Co Ltd 2,524-0.79 Mitsubishi Corp 1,386-1.21 Central Japan Railway Co 671,000 0.30 Seven & i Holdings Co Ltd 2,318-2.48 Sumitomo Metal Mining Co Ltd 790-0.75 Kyocera Corp 6,280-2.94 Aeon Co Ltd 881 0.00 All Nippon Airways Co Ltd 172 3.61 Toray Industries Inc 460-1.08 Sumitomo Electric Industries Ltd 868 2.00 Murata Manufacturing Co Ltd 3,875-0.64 Mitsubishi UFJ Financial Group Inc 354 0.85 Nippon Telegraph and Telephone Corp 3,570 0.42 Asahi Kasei Corp 390-1.76 SMC Corp 11,940 0.59 Nitto Denko Corp 3,660 1.39 Resona Holdings Inc 306-0.33 KDDI Corp 554,000-0.18 Sumitomo Chemical Co Ltd 194-1.02 Komatsu Ltd 1,494 1.29 Mitsubishi Heavy Industries Ltd 312-1.58 Sumitomo Mitsui Financial Group Inc 2,395 0.93 NTT Docomo Inc 130,000 0.08 Shin-Etsu Chemical Co Ltd 4,150 0.85 Kubota Corp 748 0.40 Nissan Motor Co Ltd 722 0.00 Bank Of Yokohama Ltd 369 1.37 Tokyo Electric Power Co Inc 123 0.00 Mitsubishi Chemical Holdings Corp 280-4.11 Information contained herein is believed to be reliable & has been obtained from sources believed to be reliable, but its accuracy & completeness cannot be guaranteed. 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Friday, September 7, 2012 30 www.qatar-tribune.com Global growth eases as demand falls LONDON GROWTH in the world s private sector economy eased in August as a modest expansion in services was coupled with stagnating demand for manufactured goods, a business survey showed on The Global Total Output index, produced by JPMorgan with research and supply management organisations, fell to 51.1 in August from 51.7, but notched up its 37th month above the 50 mark that divides growth from contraction. The global economy remained in a low growth gear in August, with the weak performing manufacturing sector and stagnating world market demand providing the main drags on output growth, said David Hensley at JPMorgan. New orders fell for the first time since July 2009 when the world economy was in the middle of its last downturn, the survey showed. JPMorgan said the eurozone remained weak and that while growth was sustained across the United States it was at a slower pace than in the previous month. The Global Services Index fell to 52.3 in August from 52.6 in July and a similar survey on Tuesday showed the global manufacturing downturn gathered pace in August, with output and new orders falling at their fastest in over three years. The pace of growth in the massive US services sector rose in August on the back of a rebound in JPMorgan said the eurozone remained weak and that while growth was sustained across the United States. employment and exports, though a measure of new orders declined, data showed earlier on The eurozone probably slipped back into recession in the current quarter, according to PMIs published on Wednesday that also showed Asia s services growth remained muted in August as the global economy struggled to get its footing. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia. Commuters walk past the JP Morgan headquarters, in New York, recently. () BERLIN GLOBAL ECONOMY German Chancellor Angela Merkel (right) and Economy Minister Philipp Roesler, in Berlin, on Wednesday. (AP) German industry orders rise, outlook still gloomy STRONGER domestic demand helped German industrial orders edge up in July and an engineering trade body raised its forecast for full-year output growth but warned the euro crisis would hurt more in the second half of 2012. Data from the economy ministry on Thursday showed seasonally and price-adjusted orders climbed by 0.5 percent on the month as domestic bookings rose 1.0 percent, stirring hopes that demand at home will carry the economy through the eurozone s problems and a slowdown in Asian demand. But economists said the slightly stronger-thanexpected rise was compensating for a revised drop in orders of 1.6 percent in June and the overarching trend was still downward. All in all it s a counter movement after the weak previous month, but in the next couple of months we will are likely to see a downward trend in orders, said Ulrike Kastens at Sal. Oppenheim. The exportorientated nature of the economy is noticeable because the global economy is losing steam. Foreign orders edged up by a mere 0.1 percent in July, with eurozone orders dipping by 0.6 percent, although the economy ministry said they seemed to be stabilizing. Germany s economy had long resisted the eurozone crisis, but growth slowed to 0.3 percent in the second quarter as firms concerned about the region s debt crisis cut back on investment and many economists now predict a third-quarter contraction. On average we expect a slight fall in gross domestic product in the second half of the year: we expect it to go down in the third quarter and stagnate in the fourth quarter, Kastens Companies in Germany s traditionally export-oriented economy are suffering from weaker demand in the eurozone where many countries are implementing severe austerity measures and from a broader global slowdown. A survey earlier this week showed Germany s manufacturing sector contracted for a sixth consecutive month in August as companies received fewer new orders from abroad. Big companies like steelmaker ThyssenKrupp and industrial group Bosch have said they will cut working hours at German plants due to weaker demand and the head of employers association Gesamtmetall said on Wednesday more companies may resort to this. The Economy Ministry said order levels remained stable overall and added that the volume of big orders in July was the same as the average level for the first half of the year. Germany is due to release July production figures on Friday at 6:00 am EDT (1000 GMT), and the consensus forecast in a Reuters poll is for output to stagnate. But the country s production remains relatively robust compared with eurozone peers like Spain, where it fell 6.3 percent on the year in June. Earlier on Thursday, Germany s VDMA engineering trade body hiked its forecast for sector output this year to two percent but said declining orders were increasingly weighing on production and its estimate for two percent 2013 growth hinged on an improvement in the euro crisis. The engineering sector, which is Germany s largest industrial employer and includes household names such as Siemens, has helped the economy fare better than the rest of the 17-nation eurozone throughout its 3-year long debt and financial crisis. We started better than expected at the start of the year. That raises our results for the full year, said the VDMA, which had forecast stagnation over the whole of 2012 in February. The VDMA represents over 3,000 mainly small- and medium-size companies but also large companies such as MAN SE and ThyssenKrupp. It said production by its members expanded 4 percent overall in the first half of 2012 but had decelerated from 8.1 percent in the first quarter to 0.2 percent in the second. The VDMA said an unrelenting decline in orders in the first half of the year would weigh on production in the second half. US jobs data show growth factors WASHINGTON US COMPANIES added staff in August at the fastest clip in five months and a gauge of employment in the service sector also improved, upbeat signals for a struggling labour market. Another report on Thursday showed new claims for jobless benefits fell last week to the lowest level in a month. The data is the latest to hint the US economy is gaining a bit of steam, and it raised chances the government s more comprehensive jobs report on Friday could be stronger than economists expect. But the data did not alter the view that economic growth is too weak to make a big dent in the still-high unemployment rate, keeping alive chances the Federal Reserve could launch a new bond buying programme as In a sign that report might bring relatively good news, payrolls processor ADP said firms expanded by 201,000 workers last month. soon as next week. We wouldn t expect this improvement to persuade the Fed to hold fire next week, said Paul Ashworth, an economist with Capital Economics in Toronto. The weak US economy is centre stage in the presidential election campaign. President Barack Obama, who is looking very vulnerable ahead of Election Day on November 6, will lay out his economic vision in a highstakes speech on Thursday night closing out the Democratic Party s national convention. Analysts say any bounce he might get could be quashed by a weak jobs report on Friday. In a sign that report might bring relatively good news, payrolls processor ADP said firms expanded by 201,000 workers last month, the most since March and well above economists expectations. Even so, economists think the government s report will show only modest hiring, with nonfarm payrolls expected to rise 125,000. Gold at six-month high on ECB bond-buying plan Gold jewellery displayed in a shop, in Kolkatta, recently. (EPA) LONDON GOLD rose to six-month highs on Thursday after the European Central Bank offered enough detail of its proposed bond-buying programme to protect the euro from a deep sell-off. ECB President Mario Draghi said the bank agreed to launch a new and potentially unlimited bond-buying programme to lower struggling eurozone countries borrowing costs and draw a line under the debt crisis. Gold tends to benefit from an environment of low interest rates and any resulting strength in the euro against the US dollar could further fuel the rally, although gains may be limited by anticipation ahead of a key gauge of US employment on Friday. Spot gold rose 0.5 percent to $1,701.04 an ounce by 1350 GMT, having risen to a session peak at $1,713.79, its highest since March. Gold priced in euros showed a 0.7 percent gain on the day, rising to 1,352.96 euros an ounce, having hit a fresh peak for 2012 of 1,355.98 euros earlier, its highest since September 12 last year, the day the price hit a record 1,373.92 euros. Gold is holding because the market has been given what it was hoping for, but in order for gold to move decisively higher from here, we need to see what numbers the US will bring to the table, Ole Hansen, senior manager at Saxo Bank, The longer we stay above $1,700, the better. It gives all the newly-established long Platinum rose to a new five-month high, swept higher by a broad investor push into precious metals. positions a bit of confidence, he added. The ECB, which left the eurozone benchmark rate at 0.75 percent, said the plan was aimed at the secondary market to address bond market distortions and unfounded fears of investors about the survival of the euro. The scheme, which the Bundesbank is known to have opposed, would focus on bonds maturing within three years and was strictly within the ECB s mandate, Draghi Yields on the sovereign bonds of Italy and Spain, the eurozone s third and fourth largest economies, have been driven to their highest this year since the launch of the single European currency by investor unease over their public finances. The ECB s programme, which does not imply an increase in the central bank s balance sheet or money supply, may not have the same impact on gold as a similar step by the US Federal Reserve, analysts Although gold could benefit from a strengthening of the euro versus the dollar and a general appreciation of risky assets, it would be wrong to view Draghi s plan as a form of QE, and as such it may not offer much of a boost to gold prices, Natixis said in a note. The practice of a central bank buying sovereign bonds to suppress interest rates and freeing up credit by adding money supply, known as quantitative easing, has been one of the key drivers behind the doubling in value of gold since 2008. The Fed, which has indicated it could resume quantitative easing if recent data suggest the economy would benefit from it, meets next week to discuss policy and Friday s unemployment report could be a decisive factor. A Reuters survey offers a forecast for an increase of 125,000 works on non-farm payrolls. Elsewhere, platinum rose to a new five-month high, swept higher by a broad investor push into precious metals, while world number three producer Lonmin and several South African unions signed a peace deal aimed at ending a deadly three-week strike. On Wednesday, more than 3,000 striking miners marched through streets near the mine, the largest protest at the hot spot since police shot dead 34 of their colleagues last month. In that time, platinum has gained more than 15 percent in value and now shows a gain for 2012 of 14 percent. On Thursday, the price was up by 1.0 percent at $1,580.24 an ounce, while palladium was up 0.8 percent at $645.22 an ounce. Silver, which has gained nearly 4 percent since the start August, was up by 0.9 percent on the day around 5-1/2 month highs at $32.54 an ounce.