Financial Times

Property share prices soar
Property stocks got a boost last week with the star performer being Property Developers Ltd. (PDL).

SC Securities said the PDL share went up by Rs 17.75 or 60 percent and closed at Rs 47.25. The company told the Colombo Stock Exchange that there was no attributable reason for the rise.

Bartleet Mallory Stockbrokers said they believe that the real estate sector may carry "enormous" future earnings potential if the general economic conditions improve and the level of business activity improves peddles faster.

Kelsey Development's (KDL) share also picked up by Rs 11.75 to close at Rs 41.75.

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