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Sri Lanka’s share market picks up on telecom deal

April 22, 2008 (LBO) - Sri Lankan stocks open higher with a 34 million share deal in Dialog Telekom that boosted turnover to 712.
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7 million rupees in early morning trading.

Approximately 34,416,500 shares were traded at 16.

50 rupees, brokers said.

The deal went through in two ten million chunks, two 4.

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5 million and a five million block with the rest of the shares being traded in lower quantities.

The Dialog deal added over 567.

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8 million rupees to the total turnover Tuesday.

Colombo Stock Exchange's All Share Index was up 0.


59 percent (15.70 points) at 2,678.63 points while the Milanka Index shed 0.
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05 percent (1.56 points) at 3,318.13 points.

Interest in Sri Lanka Telecom was lower with the share losing 50 cents at 48.75. .

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