Sri Lankan stocks ended firmer on Friday, moving further away from a near 10-month low, as investors picked up beaten down shares, including beverages and diversified counters. Political instability and a rise in interest rates however capped gains, brokers said.
The Colombo stock index ended 0.12 percent higher at 6,137.70, further moving away from its lowest close since April 4 hit on Wednesday. The index however fell 0.52 percent on week, its second straight weekly fall. Market heavyweight John Keells Holdings Plc rose 1.52 percent, a day after it posted a 32 percent rise in December-quarter profit.
Shares in Sri Lanka Telecom Plc rose 2.04 percent.
Foreign investors net bought 7.28 million rupees (about $48,533) worth of equities on Friday, but they have net sold 1.64 billion rupees worth shares so far this year. Turnover stood at 554.2 million rupees.
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