Stocks fall, despite news that Dialog will join MSCI Sri Lanka index

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Stocks in Sri Lanka tumble as polling starts, despite news that Dialog Telekom, a unit of Telekom Malaysia Berhard, will join the MSCI Sri Lanka index from December. Stocks in Sri Lanka tumble as polling starts, despite news that Dialog Telekom, a unit of Telekom Malaysia Berhard, will join the MSCI Sri Lanka index from December. Morgan Stanley Capital International (MSCI) indices, is a benchmark used by global fund managers to track top liquid stocks in the world.

Dialog, the island’s largest mobile phone operator, joins other Sri Lankan blue chip companies like John Keells Holdings, Lanka IOC, Aitken Spence and Distilleries from Dec. 1.

The addition is part of MSCI standard index quarterly review, which will include seven other global stocks:

• Alltel Corporation (USA),
• Kuehne & Nagel International (Switzerland),
• Kungsleden (Sweden),
• Central European Media Enterprises (Czech Republic),
• Cyrela Brazil Realty (Brazil),
• EDP- Energias do Brazil (Brazil) and
• Infrastructure Development Finance Company (India).

“Dialog Telekom Limited (Sri Lanka) will be added to the MSCI Sri Lanka Index, which is a stand