AGL 37.80 Decreased By ▼ -0.35 (-0.92%)
AIRLINK 128.85 Increased By ▲ 3.78 (3.02%)
BOP 7.31 Increased By ▲ 0.46 (6.72%)
CNERGY 4.62 Increased By ▲ 0.17 (3.82%)
DCL 8.50 Increased By ▲ 0.59 (7.46%)
DFML 38.60 Increased By ▲ 1.26 (3.37%)
DGKC 81.01 Increased By ▲ 3.24 (4.17%)
FCCL 32.50 Increased By ▲ 1.92 (6.28%)
FFBL 74.35 Increased By ▲ 5.49 (7.97%)
FFL 12.31 Increased By ▲ 0.45 (3.79%)
HUBC 109.32 Increased By ▲ 4.82 (4.61%)
HUMNL 13.99 Increased By ▲ 0.50 (3.71%)
KEL 5.08 Increased By ▲ 0.43 (9.25%)
KOSM 7.46 Increased By ▲ 0.29 (4.04%)
MLCF 38.25 Increased By ▲ 1.81 (4.97%)
NBP 70.30 Increased By ▲ 4.38 (6.64%)
OGDC 187.60 Increased By ▲ 8.07 (4.5%)
PAEL 25.05 Increased By ▲ 0.62 (2.54%)
PIBTL 7.36 Increased By ▲ 0.21 (2.94%)
PPL 151.32 Increased By ▲ 7.62 (5.3%)
PRL 25.25 Increased By ▲ 0.93 (3.82%)
PTC 17.09 Increased By ▲ 0.69 (4.21%)
SEARL 82.30 Increased By ▲ 3.73 (4.75%)
TELE 7.54 Increased By ▲ 0.32 (4.43%)
TOMCL 32.59 Increased By ▲ 0.62 (1.94%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.45 Increased By ▲ 0.32 (1.98%)
TRG 56.70 Increased By ▲ 2.04 (3.73%)
UNITY 27.85 Increased By ▲ 0.35 (1.27%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,518 Increased By 428.2 (4.24%)
BR30 30,942 Increased By 1433.3 (4.86%)
KSE100 98,316 Increased By 3742.2 (3.96%)
KSE30 30,684 Increased By 1239.1 (4.21%)

Sri Lankan shares hit a 17-month closing high on Monday, led by bluechips such as conglomerate John Keells Holdings, with retail investors buying select shares on expectations of a rate cut at the central bank's policy meeting this week. The day's turnover hit its highest in seven months, boosted by block deals in Lanka Ceramic PLC.
The main stock index rose 1.8 percent, or 107.99 points, to 6,121.17, its highest close since December 1, 2011. Shares have been rising on expectations of a fall in interest rates after Treasury Secretary P.B. Jayasundera and the central bank said interest rates could ease in May-June.
The International Monetary Fund said on Thursday Sri Lanka must not loosen monetary conditions as inflation remains a concern, even though prices had risen at a slower pace in April than the previous month. The market has gained 5.95 percent since the treasury secretary's comments on April 9. "Retail and high networth investors pushed the market on hopes of falling interest rates," said an analyst.
Shares in market heavyweight John Keells Holdings rose 2.93 percent to 260.20 rupees a share. Shares in Lanka Ceramic PLC, which pushed the day's turnover on a block deal, jumped 50 percent to 120 rupees a share. Royal Ceramics Lanka PLC, which rose 3.40 percent to 100.50 rupees a share, said in a filing with the bourse it bought 22.83 million shares of Lanka Ceramic in a price range of 86.90 rupees to 120 rupees.
The turnover was 4.14 billion rupees ($32.79 million), well above this year's daily average of 963.9 million rupees, and the highest since September 16, 2012. Foreign investors were net buyers of 28.22 million rupees of shares, extending the net foreign inflow so far this year to 8.96 billion rupees. Last year, the bourse saw a net inflow of $303 million. The rupee ended at 126.40/50 per dollar, weaker from Friday's close of 126.30/40, on importer dollar demand, said currency dealers.

Copyright Reuters, 2013

Comments

Comments are closed.