Communication services stocks lift Sri Lankan shares higher

Sri Lankan shares closed higher on Tuesday, led by communication services stocks.

The CSE All-Share index settled 0.20% higher at 20,119.64 points.

Dialog Axiata PLC and Overseas Realty (Ceylon) PLC were among the biggest boosts to the index, up 1.4% and 1.7%, respectively, on the day.

Trading volume on the index rose to 61.9 million shares from 54.5 million shares in the previous session.

The equity market’s turnover rose to 1.52 billion Sri Lankan rupees ($4.57 million) from 921.2 million rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 271.2 million rupees, while domestic investors were net buyers, purchasing shares worth 1.50 billion rupees, the data showed.