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Markets

Sri Lankan shares close at over 6-month high as financials surge

  • The CSE All-Share index ended up 2.2% at 8,667.95 points, the highest since Feb. 1
Published August 24, 2021

Sri Lankan shares closed at a more than six-month high on Tuesday, driven by a surge in financial stocks.

The CSE All-Share index ended up 2.2% at 8,667.95 points, the highest since Feb. 1.

Financial services provider Commercial Leasing and Finance Plc was the top boost to the index, rising 49.71%.

The island-nation reported 194 fatalities due to COVID-19 in the last 24 hours, bringing the death toll to 7,560.

Sri Lankan shares end at over 6-month high on industrial, financial boost

Sri Lanka is currently under a 10-day lockdown with COVID-19 cases rising by 4,355 in the last 24 hours, and total confirmed cases at 394,355.

Data from Johns Hopkins University showed the country has fully vaccinated 25.98% of its population so far.

Thirty three stocks hit fresh highs, while 26 companies hit new lows on the main exchange, according to Refinitiv Eikon data.

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