BENGALURU: Sri Lankan shares closed higher on Wednesday, aided by gains in consumer staples and financial stocks.
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The CSE All Share index settled up 0.78% at 11,335.61, and registered a gain of 0.7% in a truncated week, snapping two weekly losses.
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Distilleries Company of Sri Lanka and C T Holdings were the top gainers on the CSE All Share, rising 4.48% and 7.57%, respectively.
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The Sri Lankan stock market will be closed on Thursday and Friday for holidays.
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The country’s key inflation rate eased to 1.3% in September from 4% a month ago, data from the statistics department showed on Wednesday after trading ended.
Sri Lanka shares end higher as consumer staples rise
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The International Monetary Fund (IMF) on Wednesday said it did not reach a staff-level agreement with the island nation, in its first review under a $2.9 billion bailout package, due to a potential shortfall in government revenue generation.
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Trading volume on the CSE All Share index jumped to 76.6million shares from 29.3 million shares in the previous session.
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The equity market’s turnover rose to 1.39 billion Sri Lankan rupees ($4.3 million) from 943 million rupees in the previous session, according to exchange data.
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Foreign investors were net buyers, purchasing stocks worth 171.1 million rupees, while domestic investors were net sellers, offloading shares worth 1.23 billion rupees, the data showed.
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