Sri Lankan shares rose for a third straight session to hit a one-week high on Friday led by large caps amid high turnover, but posted their first weekly decline in three as rising interest rates and economic woes dented sentiment, dealers said. Turnover hit a three-week high of 2.01 billion rupees ($13.81 million) on block deals, well above this year's daily average of 794.4 million rupees, even as foreign investors exited risk assets.
Foreign investors sold a net 235.4 million rupees worth of shares on Friday, extending the year to date net foreign outflow to 2.22 billion rupees worth shares. The benchmark share index ended 0.18 percent higher, or up 11.13 points at 6,083.01, its highest since March 24. The index lost 11.9 percent in the March quarter.
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