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Article: STOCKS - SRI LANKAN SHARES END HIGHER.
- Article from:
- AsiaPulse News
- Article date:
- March 26, 2009
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COLOMBO, March 25 Asia Pulse - Sri Lankan stocks ended higher Wednesday, pushed up after a foreign investment fund divested a five per cent stake in the island's biggest conglomerate John Keells Holdings (JKH) to a local insurance company, brokers said.
The All Share Price Index gained 0.72 per cent (11.75 points) to end at 1,637.23 while the more liquid Milanka went up 2.16 per cent (36.69 points) to close at 1,733.40.
Turnover was 2.17 billion rupees.
Analysts said 31 million JKH shares were traded at 62 rupees each in three crossings (off-the-floor negotiated deals) with 17,485,354 shares selling for 1,082.4 million rupees, 10,000,000 shares ...