Sri Lanka shares rise to over 6-week high on banks

April 24, 2015 12:08 PM

48 0

COLOMBO, April 24 (Reuters) - Sri Lankan shares rose to over six-week high on Friday, despite foreign outflow from risky assets, as investors picked up shares of finance companies on expectations of better earnings, with positive sentiment continuing due to lower interest rates.

The main stock index ended 0.22 percent or 15.39 points firmer at 7,129.78, its highest close since March 10. It has, gained 3.31 percent since the central bank cut key rates on April 15, while yields on t-bills have fallen 26-36 basis points since then.

Read more

To category page