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Dialog Telekom shares which began trading on Thursday contributed to more than 86 percent of the day's total turnover which amounted to Rs 2.3 billion.

The All Share Price Index (ASPI) gained 79.6 points to close at 2,026.3 points recording its highest ever point.

A total of 13,255 trades were executed during the day surpassing its previous highest number of daily trades of 10,492 on March 17, 2005. At the end of trading, the total market capitalisation at the CSE was Rs. 613.4 Billion, the highest market capitalization ever recorded. The market capitalization appreciated by Rs 113. Billion.

Sri Lanka's largest market capitalised company started trading as Dial.N000 on the main board at 9.30 a.m. following Finance Minister Dr Sarath Amunugama transmiting a specially coded text message from a mobile phone equipped with the facility to activate the CSE systems.

The shares issued at Rs.12 closed at Rs 15 which was the opening price. Foreign funds contributed to about 87 percent of the total Dialog shares traded which was about 133 million shares.

Chairman, Telekom Malaysia Berhad and Dialog Telekom Ltd, Muhammad Radzi Mansor, Chief Executive of Telekom Malaysia Bhd., Dato Abdul Wahid Omar and Dialog Telekom CEO Dr. Hans Wijayasuriya were present when trading began on Thursday.

Dialog Telekom also announced the launch of a mobile trading facility based on its GPRS portal in collaboration with Cdax - the Sri Lankan on-line trading service provider. The Dialog IPO established several milestones and performance records on Sri Lanka's capital market, thereby adding a new dimension of dynamism to the Colombo bourse already recognised to be one of the best performing markets in Asia and the world.

It was the largest ever IPO to the value of Rs.8.5 billion. It received the highest level of subscription amounting to Rs.56.2 Billion.

The overseas subscription which was about Rs.40 billion was also the highest in the history.

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