Sri Lanka stocks up 1.4 -pct: rupee firmer

July 19, 2012 (LBO – Sri Lanka stocks ended a five day losing streak and close up1.42 percent Thursday in a broad based rally while the rupee firmed against the spot US dollar, brokers and dealers said. The Colombo All Share Price Index gained 68.47 points to 4,891.11 up 1.4 percent and the S&P 20 Index of large cap stocks closed up 0.6 percent (17.43 points) to 2760.18.

In forex markets rupee closed around 133.10/30 to the US dollar in the spot market up from 133.45/55 levels a day earlier. Business was done at levels as strong as 133.00 dealers said.

Thursday’s turnover of 666 million rupees was dominated by Sampath Bank with 248 million rupees while index heavy John Keells Holdings contributed 56 million rupees and DFCC 52 million rupees.

John Keells Holdings gained 3.00 rupees to close at 180.00 rupees up 1.69 percent.

DFCC rose 1.00 rupee to close at 105.50 rupees up 0.9 percent.

Dialog Axiata PLC, the country’s largest mobile phone operator, gained 10 cents to close at 6.10 rupees up 1.67 percent.

Aitken Spence Plc gained 30 cents to 110.50 rupees and Distilleries Corporation rose 1.10 rupees to close at 123.50 rupees.

Commercial Bank gained 1.00 rupees to close at 77.00 rupees while Hatton National Bank rose 1.40 rupees to close at 139.50 rupees.

President Mahinda Rajapaksa has called the Commissioners of the Securities and Exchange Commission, the Director Board of the Colombo Stock Exchange, members of the Colombo Stock Brokers Association and investors for a special meeting on Friday.

Brokers said some brokerage firms have not received invitations yet.