Sri Lankan stocks ended at their highest in two weeks on Friday led by bluechips, amid political worries ahead of the January 8 presidential poll, stockbrokers said. The main stock index ended 0.31 percent firmer at 7,252.60, a level last touched on December 4. It had hit a near three-week low on Wednesday. Stockbrokers said the gains were not sustainable because there was no fundamental reason for the market to rise.
The day's turnover stood at 660.8 million rupees ($5.04 million), stock exchange data showed, less than half of this year's daily average of 1.41 billion rupees. The bourse saw a net foreign inflow of 14.4 million rupees this session, extending net inflows so far this year to 21.7 billion rupees, exchange data showed. Market heavyweight John Keells Holdings gained 1.74 percent to 251.30 rupees, while top fixed-line phone operator Sri Lanka Telecom rose 2.59 percent to 51.50 rupees.
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