Sri Lankan shares closed lower on Friday, dragged down by losses in industrial and financial stocks.

The CSE All-Share index closed down 1.35% at 8,865.30 points, shedding 4.84% for the week and snapping a three-week streak of gains.

Conglomerates LOLC Holdings and Expolanka Holdings Plc were the top drags, falling 5.4% and 4%, respectively.

The equity market's turnover was 6.91 billion rupees ($34.55 million), according to stock exchange data.

Trading volume on the exchange fell to 248.6 million shares from 265.3 million shares in the previous session.

Sri Lankan shares snap 4-day losing streak on financials boost

Foreign investors were net sellers in the equity market, offloading shares worth 132.3 million rupees, exchange data showed.

The island nation reported 2,856 new coronavirus cases in the last 24 hours, taking the total to 477,636.

Sri Lanka reported 175 fatalities due to COVID-19 in the last 24 hours, bringing the death toll to 10,864, health bureau data showed.

The country's COVID-19 curfew was extended till Sept. 21, President Gotabaya Rajapaksa's spokesman announced on Friday.

About 45.84% of the country's population is fully vaccinated so far, data from Johns Hopkins University showed.