Business
Sri Lankan shares rise for fourth consecutive week
Sri Lankan shares rise for fourth consecutive week
About this update from Smb Finance Plc
Sri Lankan shares closed higher on Friday, marking their fourth straight week of gains, led by information technology and industrial stocks.* The CSE All-Share index CSELK:ASI settled 0.65% higher at 22,318.72. * SMB Finance PLC CSELK:SEMB.N0000 is the top percentage gainer on the index, rising 25%.* Trading volume fell to 538.2 million shares from 918.3 million shares in the previous session.* The equity market's turnover fell to 8.46 billion Sri Lankan rupees ($27.96 million), form 13.30 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 248.7 million rupees, while domestic investors were net buyers, purchasing shares worth 8.31 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.5500 Sri Lankan rupees)