Financial, communications stocks lift Sri Lankan shares higher

Sri Lankan shares closed higher on Tuesday, led by financial and communications stocks.

The CSE All-Share index settled 2.75% higher at 22,123.39 points.

Commercial Bank of Ceylon and Dialog Axiata were the top boost to the index, up 4.28% and 4.88%, respectively, on the day.

Trading volume on the index rose to 249.3 million shares from 144.4 million shares in the previous session.

The equity market’s turnover rose to 7.91 billion Sri Lankan rupees ($23.81 million) from 3.33 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 1.26 billion rupees, while domestic investors were net buyers, purchasing shares worth 7.85 billion rupees, the data showed.