* The CSE All-Share index closed 0.25% higher at 9,419.35; however,
down for the week, reversing course after four weeks of gains.
* Holders of Sri Lanka's international sovereign bonds face a 20% principal
haircut in the country's debt restructuring as well as maturity extensions and a
reduction in coupons, according to a Barclays report.
* The International Monetary Fund (IMF) on Monday approved a nearly
$3-billion bailout for Sri Lanka; the country's presidency said the programme
would enable it to access up to $7 billion in overall funding.
* Cigarettes maker Ceylon Tobacco Company PLC and Senkadagala
Finance PLC were the top boosts to the index, rising 4.5% and 16.5%,
respectively, according to Refinitiv data.
* Trading volume for the CSE All-Share index fell to 54.6 million shares
from about 164.4 million in the previous session.
* The equity market's turnover fell to 1.90 billion Sri Lankan rupees ($5.94
million) from 3.44 billion rupees in the previous session, according to the
exchange data.
* Foreign investors were the net sellers in the equity market, offloading
720.7 million rupees worth of shares, while domestic investors were net buyers,
purchasing stocks worth 1.78 billion rupees, the data showed.
* For a report on global markets, click ($1 = 320.0000 Sri Lankan rupees)
(Reporting by Meenakshi Maidas in Bengaluru;)
March 24 (Reuters) - Sri Lankan shares closed higher on Friday, snapping
three sessions of losses, helped by gains in financial and consumer
discretionary stocks.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.