Thursday, May 28, 2009

Sri Lanka shares jump over 2 pct on U.N. resolution

COLOMBO, May 28 (Reuters) - Sri Lankan shares .CSE gained over 2 percent on Thursday in early trade as investor confidence jumped after Sri Lanka defeated attempts to push a war crimes and rights investigation at the U.N. Human Rights Council.

The Colombo All-Share Price Index .CSE had gained 2.52 percent or 54.30 points to 2210.34 at 0552 GMT, its highest close since Sept. 26. It recorded a turnover of over 400 million rupees ($3.48 million).

"The UN resolution has given an international acceptance for the war and market is up on that, in addition to the war victory," said Hussain Gani, associate director at Asia Securities.

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