Sri Lankan shares jump nearly 2%, return to weekly gains

  • 12/10/2021
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Sri Lankan shares ended nearly 2% higher on Friday, extending gains from the previous session and boosted by rising industrial and financial stocks. * The CSE All-Share index (.CSE) rose 1.92% to close at 11,393.48. The index ended higher in four of the five previous sessions, gaining 3.7% for the week and remaining near record levels. * Expolanka Holdings (EXPO.CM) and Lanka ORIX Leasing Co (LOLC.CM) were the top boosts to the index, jumping 8.2% and 2.3%, respectively. * The country"s central bank said it would issue 66 billion rupees ($326.73 million) worth of treasury bills on December 15 * The equity market"s turnover was 7.0 billion rupees ($34.65 million), according to stock exchange data. * Trading volume fell to 359.0 million shares from 490.52 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 132.3 million rupees, as per exchange data. * The island-nation reported 744 new coronavirus cases in the last 24 hours, taking the total to 570,672, while deaths rose to 14,555, data from the country"s health bureau showed. * About 63.18% of the country"s population has been fully vaccinated, according to data from Johns Hopkins University. * For a report on global markets, click ($1 = 202.0000 Sri Lankan rupees) Reporting by Soumyajit Saha in Bengaluru; Editing by Krishna Chandra Eluri Our Standards: The Thomson Reuters Trust Principles.

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