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Sri Lanka shares end up 0.86-pct

Officials from K. Seeds Investments Pvt Ltd (at left) with officials from Commercial Credit and Finance PLC (at right)

Dec 23, 2010 (LBO) - Sri Lankan stocks closed higher Thursday with prices of poultry firms, that had been heavily traded recently, weakening and active trading in a retail firm seen doing well during the festive season, brokers said. Conglomerate John Keells Holdings closed at 300 rupees, down a rupee with 2.5 million shares changing hands. The All Share Price Index closed at 6,511.51, up 0.86 percent (55.69 points) while the more liquid Milanka index rose 1.00 percent (69.39 points) to close at 6,974.30, according to stock exchange provisional figures.

Turnover was 2.2 billion rupees.

Ceyln Grain Elevators was one of the most heavily traded stocks, closing at 71.30 rupees, down 30 cents with over 1.

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4 million shares traded.

Bairaha Farms was also heavily traded, closing at 272.50 rupees, down 6.90, with almost half-a-million shares done, as was Three Acres Farms, which closed at 78.

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70, down 2.20 with 615,700 shares changing hands.

There was heavy trading in fashion retailor Odel which closed at 36.
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70, up 1.90, with 1.5 million shares changing hands.

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