Sri Lankan shares ended slightly lower on Friday as losses in the industrial sector outweighed gains in consumer staples stocks, but the index notched a weekly gain.

The CSE All Share Index closed down 0.05pc at 4,914.83. However, it rose 2.8pc this week.

Shares of conglomerate John Keells Holdings Plc fell 1.2pc on Friday and were the biggest drag on the index followed by investment firm Bukit Darah Plc, which shed 6.8pc.

Cigarette maker Ceylon Tobacco Company PLC was the biggest boost, gaining 3.2pc.

Foreign investors were net sellers, offloading about 596 million Sri Lankan rupees ($3.22 million) worth of shares, according to exchange data.

Trading volume fell to about 33.3 million, compared with 40.5 million in the previous session.

The Sri Lankan rupee was quoted at 185.2 against the US dollar as of 1115 GMT, marginally weaker compared with last session's close of 185.1, according to Refinitiv data.

Equity market turnover was 1.33 billion Sri Lankan rupees, data showed.