Industrials help Sri Lankan shares to end at record high

  • 12/14/2021
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Sri Lankan shares closed at a record high for a second straight session on Tuesday, boosted by gains in industrial stocks. * The CSE All-Share index (.CSE) settled 1.15% higher at 11,796.88, after hitting an all-time high of 11,847.78 earlier in the day. * Conglomerate Expolanka Holdings Plc (EXPO.CM) and Lanka IOC Plc (LIOC.CM), a unit of Indian Oil Corp (IOC.NS), were the top boosts to the index, climbing 7.2% and 25%, respectively. * The equity market"s turnover was 8.49 billion rupees ($42.03 million), according to stock exchange data. * Trading volume fell to 533.7 million shares from 909.2 million shares in the previous session. * Foreign investors were net buyers in the equity market, purchasing shares worth 124.5 million rupees, as per exchange data. * The island-nation reported 747 new coronavirus cases in the last 24 hours, taking the total to 575,432, and deaths rose by 27 to 14,641, data from the country"s health bureau showed. * About 63.25% 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 Rama Venkat in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.

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