Sri Lanka stocks snaps 5-day rally on foreign outflows; rupee falls
five-day rally to end a tad weaker on Friday, slipping from a
near six-week high hit in the last session, as foreign fund
outflows from equities continued, while the rupee fell on
persistent dollar demand from importers.
** The benchmark stock index ended 0.07% weaker at
5,383.72, edging down from its highest close since May 3 hit on
Thursday. But it rose 1.61% for the week. The bourse fell 11.05%
this year so far.
** The central bank cut
Posted by Reuters