Tuesday 21st July 2009.

Colombo All Share index gained more than 2% over fresh news coming in about provisional approval of International Monitory Fund loan which was requested by Sri Lankan Government early this year.

ASI closed 50.65 points higher at 2473.57 while MPI closed at 2749.08 up 48.33 points. Turnover was Rs 1.013 billion. John Keells Holdings Plc (JKH) contributed Rs 222.4 million for the today’s total market turnover by trading 1,643,600 shares. JKH closed 2.25 higher at Rs 135.25.

Sri Lanka’s cellular market leader Dialog Telekom saw large parcels changing hands & closed flat at Rs 5.25. Sri Lanka’s only fixed wire line telecom provider Sri Lanka Telecom closed one rupee higher at Rs 47.50. Commercial Bank of Ceylon Plc gained 3.25 to close at Rs 138.00 while Sampath Bank was up by 6.75 to close at Rs 112.00.

Market will continue current upward trend in remaining trading days of the week as investor are bullish on market.

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