ANL 29.15 Increased By ▲ 0.63 (2.21%)
ASC 16.50 Decreased By ▼ -0.18 (-1.08%)
ASL 25.15 Increased By ▲ 1.39 (5.85%)
AVN 99.18 Increased By ▲ 4.94 (5.24%)
BOP 9.51 Increased By ▲ 0.04 (0.42%)
BYCO 9.36 Decreased By ▼ -0.20 (-2.09%)
DGKC 112.10 Increased By ▲ 1.60 (1.45%)
EPCL 47.55 Increased By ▲ 0.10 (0.21%)
FCCL 21.50 Increased By ▲ 0.22 (1.03%)
FFBL 28.84 Increased By ▲ 0.87 (3.11%)
FFL 19.23 Decreased By ▼ -0.04 (-0.21%)
HASCOL 14.08 Decreased By ▼ -0.23 (-1.61%)
HUBC 86.75 Increased By ▲ 0.75 (0.87%)
HUMNL 7.25 Decreased By ▼ -0.05 (-0.68%)
JSCL 32.39 Increased By ▲ 0.92 (2.92%)
KAPCO 40.81 Increased By ▲ 0.08 (0.2%)
KEL 4.18 Increased By ▲ 0.07 (1.7%)
LOTCHEM 15.99 Decreased By ▼ -0.21 (-1.3%)
MLCF 43.90 Increased By ▲ 0.89 (2.07%)
PAEL 40.06 Increased By ▲ 0.20 (0.5%)
PIBTL 13.04 Increased By ▲ 0.13 (1.01%)
POWER 11.65 Increased By ▲ 0.25 (2.19%)
PPL 93.72 Increased By ▲ 0.42 (0.45%)
PRL 23.80 No Change ▼ 0.00 (0%)
PTC 9.37 Increased By ▲ 0.07 (0.75%)
SILK 1.22 Increased By ▲ 0.02 (1.67%)
SNGP 44.60 Increased By ▲ 0.27 (0.61%)
TRG 114.93 Increased By ▲ 6.45 (5.95%)
UNITY 33.68 Increased By ▲ 0.53 (1.6%)
WTL 1.09 Decreased By ▼ -0.03 (-2.68%)
BR100 4,883 Increased By ▲ 27.56 (0.57%)
BR30 25,120 Increased By ▲ 395.68 (1.6%)
KSE100 46,088 Increased By ▲ 219.6 (0.48%)
KSE30 19,166 Increased By ▲ 104.54 (0.55%)

COLOMBO: Sri Lankan shares closed slightly firmer on Tuesday, hovering near an 11-week closing high hit last week, as investors bought banking stocks ahead of a key policy rates announcement later this week.

** Sri Lanka's central bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after cutting them in May to support the economy as tourism and investment plummeted in the wake of Easter Sunday bombings.

** The benchmark stock index hit its highest close since April 18 on Friday, buoyed by the government's decision to launch a $2.2 billion Japan-funded Light Railway Transit (LRT) project and some other stalled infrastructure projects, brokers said.

** The index ended up 0.18% at 5,514.40 on Tuesday. It rose 2.67% last week, notching its second consecutive weekly gain. However, it is down 8.9% so far this year.

** Shares in Melstacorp Ltd rose 6.4%, while DFCC Bank Plc ended 9.52% firmer.

** Stock market turnover was 550.1 million rupees ($3.13 million), in line with this year's daily average of about 542.2 million rupees. Last year's daily average came in at 834 million rupees.

** Foreign investors sold a net 63.8 million rupees worth of shares on Tuesday, extending the year-to-date net foreign outflow to 6.97 billion rupees, the index data showed.

** The government's launch of central highway and light railway projects helped lift hopes that the country's transformation would result in a faster economic growth rate, stockbrokers said.

** Sri Lanka is unlikely to hit its full-year economic growth target of 3-4% following Easter Sunday bombings and a Reuters poll has forecast growth to slump to its lowest in nearly two decades this year.

** Meanwhile, the currency closed firmer at 175.70/80 per dollar, compared with Monday's close of 176.05/15, as dollar sales by banks surpassed importer greenback demand. The rupee rose 0.17% last week, and is up 3.93% so far this year.

** The rupee dropped 16% in 2018 and was one of the worst-performing currencies in Asia.

** The island nation raised $2 billion via 5-year and 10-year sovereign bond sales last month, tapping global capital markets for the second time in three months.

** Foreign investors sold a net 3.93 billion rupees worth of government securities in the week ended July 3, extending the year-to-date net foreign outflow to 22.4 billion rupees, the central bank data showed.

** The central bank cut its key interest rates on May 31 to support a faltering economy as overall business and consumer confidence slumped following deadly bomb attacks in April.

Copyright Reuters, 2019