Sri Lankan shares rise 1.61 percent

Minister appoints Dr Swaminathan to IPACSL as Chairperson

June 14, 2012 (LBO) – Sri Lankan share prices firmed up, closing 1.61 percent higher, lifted by a one-off deal in Ascot Holdings PLC, brokers said. Colombo’s All Share Price Index gained 78.23 to 4,923.03, while the liquid Milanka Price Index rose 1.80 percent or 77.68 points to close at 4,381.57, according to Colombo Stock Exchange figures.

Turnover was 428.06 million rupees, of which foreign buying accounting for 52.67 million rupees over foreign sales of 56.90 million rupees.

Ascot Holdings, dominated trading in terms of turnover, when a parcel of 283,509 shares changed hands at 170.00 rupees a share. The counter closed up 20.10 rupees to 198.00 rupees on trades of 285,747 shares.

Commercial Bank of Ceylon PLC, one the island’s most profitable banks, rose 40 cents to close at 100.90 rupees on trades of 238,630 shares.

Conglomerate John Keells Holdings PLC, with interest in leisure, transport and food, gained 3.90 rupees to 186.00 rupees on trades of 122,263 shares.