Sri Lankan shares end lower as communication services, energy weigh

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 12 (Reuters) - Sri Lankan shares end lower on Friday, dragged by communication services and energy stocks.



* The CSE All Share index settled 0.25% lower at 8,927.74 on Friday.
* For the week, the index rose 1.1%, snapping three weeks of losing streak.
* LOLC Finance Plc and Lanka IOC Plc were the top losers on the CSE All Share, falling 1.9% and 3.2%, respectively.
* Trading volume on the index rose to 94.7 million shares from 45.4 million in the previous session.
* The equity market's turnover rose to 785.8 million Sri Lankan rupees ($2.47 million) from 589.7 million rupees in the previous session, according to exchange data.
* Foreign investors were net sellers, offloading stocks worth 74.7 million rupees, while domestic investors were net buyers, purchasing shares worth 749.5 million rupees, data showed.
* For a report on global markets, click ($1 = 318.0000 Sri Lankan rupees) (Reporting by Ashna Teresa Britto in Bengaluru; Editing by Shweta Agarwal)

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