Sri Lankan shares end higher as financials, industrials gain

BENGALURU: Sri Lankan shares rose for a fourth consecutive session on Friday, helped by gains in financial and industrial stocks.

Sri Lankan shares end higher as financials, consumer staples gain

• The CSE All-Share index settled 0.53% higher at 10,430.79

• For the week, it rose 0.92%, snapping three consecutive weeks of losses.

• The Sri Lankan government will borrow $150 million from the International Development Association (IDA) of the World Bank Group, the island nation’s finance ministry said on Friday.

• Ceylon Cold Stores PLC and Dialog Axiata PLC were the top gainers on the index, rising 5.6% and 2.2%, respectively.

• Trading volume on the CSE All-Share index rose to 45.90 million shares from 41.20 million shares in the previous session.

• The equity market’s turnover rose to 1.39 billion Sri Lankan rupees ($4.5 million) from 1.14 billion rupees in the previous session, according to exchange data.

• Foreign investors were net sellers, offloading stocks worth 166 million rupees, while domestic investors were net buyers, purchasing shares worth 1.38 billion rupees.