Sri Lankan shares ended lower on Friday as losses in financial stocks weighed and posted their first weekly fall in eight.

The CSE All-Share index ended down 0.18% at 12,863.14, posting its fourth straight session of losses. For the week, the index lost 3.8%.

The index, which gained 80.5% in 2021, is up 5.2% this year on strong domestic buying amid the worst financial crisis in decades that could potentially result in Sri Lanka's first-ever default.

On Friday, financial services providers Senkadagala Finance Plc and LOLC Development Finance Plc were the top drags to the index, falling 8.7% and 3.9%, respectively.

Sri Lankan shares end at over three-week low as industrials weigh

Foreign investors were net sellers in the equity market, offloading shares worth 172 million rupees ($855,721.39), exchange data.

The equity market's turnover was 6.39 billion rupees.

Trading volume rose to 239.5 million shares from 232.8 million shares in the previous session.

The island nation has reported a total of 607,104 coronavirus cases and 15,369 deaths as of Thursday, data from the country's health bureau showed.

About 63.72% of Sri Lanka's population has been fully vaccinated, according to data from Johns Hopkins University.