Sri Lankan stocks up

16 Feb, 2013

Sri Lankan stocks edged up on Friday, rising off a one-week low with help from Dialog Axiata, but turnover slumped to a 7-week low as investors stayed away, discouraged after an IMF warning on the country's macroeconomic indicators. The International Monetary Fund warned this week of slower growth, high inflation and lower tax revenue risks. The main share index edged up 0.09 percent, or 4.97 points, to end at 5,830.26, up from its lowest level since February 7.
Shares in Dialog Axiata rose 2.15 percent to 9.50 rupees.

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