Sri Lanka stocks hit over 1-week low on profit taking; rupee slips
Sri Lankan shares hit a more
than one-week low on Thursday due to profit taking and continued
foreign fund outflows from the island nation’s risky assets,
while the rupee ended weaker on dollar demand from importers.
** The benchmark stock index ended 0.37% weaker at
5,372.37, its lowest closing level since June 11, after ending
at a nearly seven-week high on Wednesday. The bourse rose 1.61%
last week, but has dropped 11.24% so far this year.
** Sri Lanka’s economy p
than one-week low on Thursday due to profit taking and continued
foreign fund outflows from the island nation’s risky assets,
while the rupee ended weaker on dollar demand from importers.
** The benchmark stock index ended 0.37% weaker at
5,372.37, its lowest closing level since June 11, after ending
at a nearly seven-week high on Wednesday. The bourse rose 1.61%
last week, but has dropped 11.24% so far this year.
** Sri Lanka’s economy p
Posted by Reuters
