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Sri Lankan stocks closed higher on Tuesday though market activity was lacklustre, with investors on the sidelines in the run-up to elections in April.
The key Colombo all-share index finished up 0.8 percent, or 8.99 points, at 1,126.81 points.
A transaction in infrequently traded Carson Cumberbatch and Co Ltd, a firm involved in plantation management and real estate, lifted volumes.
Brokers said about 34 percent of the company's shares changed hands, adding it was a transfer of shares between related firms.
Officials of Carson Cumberbatch were not available for comment.
The share traded at 1,800 rupees, up from 1,500 rupees a share when it last traded in July 2003.
"Investors are not trading and are watching for political developments," a broker at Asia Securities said.
The market has recovered most of its losses after a snap election call last weekend that has delayed a resumption of peace talks with Tamil Tiger rebels.
The Sri Lankan rupee hit a life low of 99.25 against the dollar on Tuesday but appreciated to 98.90 after intervention by the central bank.

Copyright Reuters, 2004

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