Sri Lankan shares rise as consumer discretionary, real estate stocks gain

About this update from York Arcade Holdings Plc

Sri Lankan shares closed higher on Thursday, helped by gains in consumer discretionary and real estate stocks. * The CSE All-Share index CSELK:ASI settled 0.27% higher at 22,839.53.* Mercantile Investments and Finance PLC CSELK:MERC.N0000 and York Arcade Holdings PLC CSELK:YORK.N0000 were the top percentage gainers on the index, gaining 25% each.* Trading volume on the index rose to 223.1 million shares from 174.1 million shares in the previous session.* The equity market's turnover rose to 7.78 billion Sri Lankan rupees ($25.7 million) from 5.38 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 1.07 billion rupees, while domestic investors were net buyers, purchasing shares worth 7.57 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.7500 Sri Lankan rupees)

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