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Markets

IT and real estate stocks lift Sri Lankan shares

  • CSE All-Share index .CSE settled 0.88% higher at 19,971.15 points
Published Updated
Photo: Reuters
Photo: Reuters
By

Sri Lankan shares closed higher on Thursday, led by IT and real estate stocks.

The CSE All-Share index .CSE settled 0.88% higher at 19,971.15 points.

SMB Finance PLC and York Arcade Holdings PLC were the top percentage gainers on the index, up 50% and 17.54%, respectively, on the day.

Trading volume on the index fell to 51.6 million shares from 101.8 million shares in the previous session.

The equity market’s turnover dipped to 1.50 billion Sri Lankan rupees ($4.53 million) from 1.90 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 121 million rupees, while domestic investors were net buyers, purchasing shares worth 1.45 billion rupees, the data showed.

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