Sri Lanka stocks flat, rupee weaker

Jan 15, 2013 (LBO) – Sri Lanka stocks closed flat Tuesday and the rupee weakened on importer demand in late trading, brokers and dealers said. The Colombo All Share Index closed at 5,750.24 points 0.07 percent higher and the S&P SL20 Index closed at 3,134.32 up barely 0.01 percent.

Turnover was 727 million rupees.

Ceylon Tobacco rose 22.90 rupees to 874.90 contributing most to the index gain. DFCC Bank rose 60 cents to close at 119.00 rupees, Commercial Bank closed flat at 105.00 and Central Finance closed at 180.00 up 3.40.

Central Investments and Finance said chief executive Jayanth Wickrameratne has been replaced with A P Gamini Karunathilake.

In forex markets the rupee weakened to 126.50/60 against the US dollars in the spot market after opening stronger at 126.10/20 levels.