Sri Lanka stocks extend fall to hit over 1-week low; rupee steady
Sri Lankan shares fell for the
second straight session on Friday to hit a more than one-week
low, due to continued foreign fund outflows, while the rupee
ended steady as dollar demand from importers offset exporters’
greenback sales.
** The benchmark stock index ended 0.17% weaker at
5,363.50, its lowest closing level since June 11. For the week,
it fell 0.38%. It has dropped 11.38% so far this year.
** Sri Lanka’s economy picked up to 3.7% in the first quarter of
20
second straight session on Friday to hit a more than one-week
low, due to continued foreign fund outflows, while the rupee
ended steady as dollar demand from importers offset exporters’
greenback sales.
** The benchmark stock index ended 0.17% weaker at
5,363.50, its lowest closing level since June 11. For the week,
it fell 0.38%. It has dropped 11.38% so far this year.
** Sri Lanka’s economy picked up to 3.7% in the first quarter of
20
Posted by Reuters