Sri Lankan shares on Friday hit their lowest close in more than a month, dragged down by telecom stocks, while investor sentiment continued to remain low on concerns about rising interest rates. The Colombo stock index ended down 0.06 percent at 6,084.99, its lowest since February 6. It shed 0.27 percent during the week, posting its third straight weekly decline.
Foreign investors were net buyers for the eighth straight session on Friday, purchasing shares worth 174.96 million rupees ($1.16 million), and extending the year-to-date net foreign inflow to 2.12 billion rupees worth of equities. Turnover was 711 million rupees, more than this year's daily average turnover of 690.1 million rupees.