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Sri Lanka shares down : Political uncertainty
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<blockquote data-quote="lkdood" data-source="post: 6676464" data-attributes="member: 92282"><p><strong>Sri Lankan shares fell for a third straight session on Thursday on political uncertainty amid clashes erupted in the capital following the arrest of losing opposition presidential candidate.</strong> <strong> </strong></p><p><strong></strong></p><p><strong>The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.50 points or 1.31 percent to 3,724.84 after hitting a record 3,806.78 in the previous session.</strong></p><p></p><p> <strong> Thousands of Sri Lankans, protesting the arrest of losing presidential candidate Sarath Fonseka, clashed with government supporters on Wednesday, a day after parliamentary elections were called. </strong></p><p><strong></strong></p><p> <strong> The opposition has said it will continuously agitate against the 'illegal' arrest of Fonseka, the former army commander who oversaw the victory in a 25-year war in 2009.</strong></p><p></p><p> <strong> "Concerns are there with the current political uncertainty," said Prashan Fernando, executive director at Acuity Stockbrokers.</strong></p><p></p><p> <strong> The bourse is still up 10 percent so far this year, following a 125 percent rally in 2009, one of the best in Asia.</strong></p><p></p><p> <strong> Foreigners, who sold net 785.3 million rupees worth of shares in 2009, have sold a net 4.3 billion worth shares so far this.</strong></p><p></p><p> <strong> Market heavyweight John Keells Holdings JKH.CM lost 2.1 percent to 163.75 rupees.</strong></p><p></p><p> <strong> The day's turnover was 1.4 billion rupees ($12.3 million), over twice of 2009 daily average of 593.6 million rupees.</strong></p><p></p><p> <strong> The Sri Lankan rupee LKR= closed flat at 114.66/68 per dollar on sluggish trade, dealers said.</strong></p><p></p><p> <strong> The interbank lending rate or call money rate CLIBOR, fell to 9.086 percent from Wednesday's 9.148 percent.</strong></p><p><strong></strong></p><p><strong></strong><a href="http://in.reuters.com/article/companyNews/idINSGE61A0HC20100211?sp=true" target="_blank">reuters</a></p></blockquote><p></p>
[QUOTE="lkdood, post: 6676464, member: 92282"] [B]Sri Lankan shares fell for a third straight session on Thursday on political uncertainty amid clashes erupted in the capital following the arrest of losing opposition presidential candidate.[/B] [B] The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.50 points or 1.31 percent to 3,724.84 after hitting a record 3,806.78 in the previous session.[/B] [B] Thousands of Sri Lankans, protesting the arrest of losing presidential candidate Sarath Fonseka, clashed with government supporters on Wednesday, a day after parliamentary elections were called. [/B] [B] The opposition has said it will continuously agitate against the 'illegal' arrest of Fonseka, the former army commander who oversaw the victory in a 25-year war in 2009.[/B] [B] "Concerns are there with the current political uncertainty," said Prashan Fernando, executive director at Acuity Stockbrokers.[/B] [B] The bourse is still up 10 percent so far this year, following a 125 percent rally in 2009, one of the best in Asia.[/B] [B] Foreigners, who sold net 785.3 million rupees worth of shares in 2009, have sold a net 4.3 billion worth shares so far this.[/B] [B] Market heavyweight John Keells Holdings JKH.CM lost 2.1 percent to 163.75 rupees.[/B] [B] The day's turnover was 1.4 billion rupees ($12.3 million), over twice of 2009 daily average of 593.6 million rupees.[/B] [B] The Sri Lankan rupee LKR= closed flat at 114.66/68 per dollar on sluggish trade, dealers said.[/B] [B] The interbank lending rate or call money rate CLIBOR, fell to 9.086 percent from Wednesday's 9.148 percent. [/B][URL="http://in.reuters.com/article/companyNews/idINSGE61A0HC20100211?sp=true"]reuters[/URL] [/QUOTE]
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