Sri Lankan shares rise as financial, industrial stocks gain

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April 15 Reuters Sri Lankan shares rose for a ninth straight session on Thursday, as financial and industrial stocks gained.

The CSE AllShare Index rose 1.4 to close at 7,664.38 points after a twoday holiday. The index, up over 13.1 for the year, is set for its longest winning streak this year.

Conglomerate Lanka ORIX Leasing Company Plc and investment company Browns Investments Plc were the top boosts to the index, gaining 7.1 and 4.8, respectively.

Sri Lankas government bonds jumped to their highest level since September on Monday, on reports that the government had sealed a longawaited 500 million loan deal with the China Development Bank.

Trading volume increased to 197.3 million from 87.9 million in the previous session.

Foreign investors were net sellers, offloading about 445.7 million rupees 2.23 million worth of shares, according to exchange data.

Equity market turnover was 4.72 billion rupees, exchange data showed.

The Sri Lankan rupee was quoted at 200 against the U.S. dollar, as of 1118 GMT but hit a record low earlier in the day as it touched the 203 mark, according to Refinitiv data.

1 200.0000 Sri Lankan rupees

Reporting by Shivani Singh in Bengaluru; Editing by Vinay Dwivedi

Source Reuters

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