Sri Lankan shares ended higher on Friday, led by gains in industrial and financial stocks.

The benchmark CSE All Share Index closed up 0.71% at 4,988.50 on Friday, but still posted its third straight weekly loss of 0.1%.

Boosting the index conglomerate John Keells Holdings Plc and cigarette maker Ceylon Tobacco Plc gained 1.5% and 1%, respectively.

Foreign investors were net sellers, offloading 454.8 million Sri Lankan rupees ($2.45 million) worth of shares, according to exchange data.

Trading volume rose to 35.4 million from 30.5 million in the previous session, while equity market turnover was about 932.4 million rupees.

The Sri Lankan rupee was last quoted at 185.70 against the dollar as of 1258 GMT, unchanged from the previous session's close of 185.70.