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Sri Lanka stocks close up 1.03-pct

Sept 23, 2010 (LBO) - Sri Lankan shares edged higher into record territory Thursday with prices of a couple of firms invoved in a change of ownership soaring, brokers said.
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The All Share Price Index closed at 6,772.34, up 1.03 percent (69.35 points) while the more liquid Milanka index rose 1.
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56 percent (110.13) to close at 7,166.07, according to stock exchange provisional figures.

Turnover was 5.7 billion rupees.

Colombo Pharmacy Company rose 25.


90 rupees to close at 2,300 rupees while J L Morison Sons and Jones rose 212.50 to close at 1,800 rupees

A controlling stake in Colombo Pharmacy, an asset rich pharmaceutical retailer, was sold by key shareholders J L Morison Tuesday in a deal valued at over 600 million rupees.

The ASI has almost doubled in the past year as has maket capitalisation which has gone past 2.

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2 trillion rupees with company earnings improving and economic growth accelerating.
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