Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Monday, April 21, 2008

Dow Jones Islamic Market Amana Sri Lanka Index records a gain

At the end of Monday's trading, the Dow Jones Islamic Market Amana Sri Lanka Index (DJIMSL) recorded a gain, while the Dow Jones Sri Lanka Index (DJSL) Dow Jones Titans 20 Index (DJSL20) remained virtually unchanged.

The total turnover for the day soared to Rs. 3.50 billion, which was mainly attributable to 18 crossings that took place on SLT shares. The counter recorded a value of Rs.2.58 billion, representing 74% of daily turnover. During the day, 51.98 million SLT shares were traded, of which 49.83 million shares changed hands in the form of crossings between a price range of Rs. 49.25 and Rs.49.75 per share. The second and third highest contributors to daily turnover were Hotel Services (Rs.542.63 million, which included two crossings on 3.93 million shares at Rs. 138.00 per share) and DFCC (Rs. 48.09 million, which included a crossing on 355,000 shares at Rs.125.00 per share).

The DJSL20 Index gained 0.06 points (0.03%) to close at 172.52 points. AMW was the main positive contributor to the index with its weighted average share price appreciating by Rs.22.75, while the Rs.0.50 decline in the weighted average share price of Dialog led to the counter becoming the main negative contributor. The DJIMSL Index surged by 38.85 points to close at 1,189.05 points. AMW and Dialog were the main positive and negative contributors to this Index as well.

Information provided by Amana Securities Ltd.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)