Sri Lankan shares rise for fourth session as industrial stocks gain
- The benchmark CSE All Share Index ended 0.50pc higher at 5,261.99, its highest closing level since March 10.
Sri Lankan shares rose for a fourth straight session, closing at more than a five-month high on Friday, helped mainly by gains in industrial stocks.
The benchmark CSE All Share Index ended 0.50pc higher at 5,261.99, its highest closing level since March 10.
Sri Lanka's June trade deficit narrowed year on year to $161 million, according to data from central bank that came after market closed
Conglomerate John Keells Holdings PLC and Lion Brewery (Ceylon) Plc were the biggest boosts to the index, climbing 4.3pc to 124.60 rupees and 6.9pc to 598.90 rupees, respectively.
Foreign investors were net sellers, offloading 1.24 billion Sri Lankan rupees ($6.76 million) worth of shares, according to exchange data.
Trading volume on the CSE All Share Index rose to 119.3 million shares from 63.2 million in the previous session.
Equity market turnover was 3.41 billion Sri Lankan rupees.
The Sri Lankan rupee was quoted at 183.50 against the dollar as of 1200 GMT, according to Refinitiv data.
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