Sri Lanka shares end up 0.33-pct

Dec 31, 2010 (LBO) – Sri Lankan stocks closed higher Friday with activity seen across the board by both the institutions and the retail traders, brokers said.

The All Share Price Index closed at 6,635.87, up 0.33 percent (21.74 points) while the more liquid Milanka index rose 0.15 percent (10.78 points) to close at 7,061.46, according to stock exchange provisional figures.

Turnover was 1.3 billion rupees.

Distilleries Company (DCSL), which was the third highest traded stock with over 450,000 shares changing hands, closed flat at 177.90.

The company said the government had returned the 5.7 billion rupees that was paid by DCSL subsidiary Milford Holdings to buy control of Sri Lanka Insurance Corporation.

Bairaha Farms closed at 324.30, up 20.90 and Three Acre Farms closed at 90.20, up 1.40 with over 650,000 shares changing hands.

Sampath Bank closed at 271.90, up 2.00 rupees while DFCC closed at 200.20, up 0.20 cents. Commercial Bank closed at 259.90, down 0.60 cents.

Dialog Axiata closed flat at 11.80.