David Peiris buys 30 mn ComBank shares for Rs. 1.5 billion | Daily News


David Peiris buys 30 mn ComBank shares for Rs. 1.5 billion

A total of Rs. 60 Million Commercial Bank shares were sold yesterday where David Peiris bought half of that stock, market sources told the Daily News Finance.

David Peiris had bought Rs. 30 Million shares of Com Bank at Rs. 50 each for Rs. 1.5 Billion while the rest of the shares were bought by other institutional investors, they said.

They also said that David Peiris was a cash rich company which had Rs. 26 Billion available for portfolio investments as they were rich on trishaw sales.

Meanwhile, yesterday’s trading was also positive as Wednesday where there was a turnover of Rs. 3684294.10 while 85,087,859 were traded. The All Share Price Index was 4393.54 , an increase of 26.29% over Wednesday. However, the S&P SL20 Index was down 22.13% to 1707.02.

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