Sri Lankan shares fall for fourth straight week
- CSE All-Share index settled 0.17% lower at 19,684.91 points
Sri Lankan shares closed lower on Friday, extending losses for a fifth straight session, dragged down by utility stocks.
The CSE All-Share index settled 0.17% lower at 19,684.91 points.
The index dropped 2.52% over the week, its fourth straight weekly fall.
Dialog Axiata Plc and Carson Cumberbatch Plc were the biggest decliners on the index, down 9.7% and 9.1%, respectively, on the day.
Trading volume on the index fell to 31.5 million shares from 64.3 million shares in the previous session.
The equity market’s turnover dipped to 825.1 million Sri Lankan rupees ($2.48 million) from 1.10 billion rupees in the previous session, according to exchange data.
Foreign investors were net buyers, purchasing stocks worth 55.1 million rupees, while domestic investors were net sellers, offloading shares worth 807.6 million rupees, the data showed.
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