Distilleries Company, LOLC Holdings boost market

COLOMBO: Sri Lankan shares closed higher, following three straight sessions of losses, helped by gains in financials and consumer staples stocks.

The CSE All-Share index settled 0.25% higher at 8,888.37.

Distilleries Company of Sri Lanka Plc and LOLC Holdings Plc were top boosts for the index, advancing 4.3% and 0.7%, respectively.

Trading volume on the CSE All-Share index rose to 83.2 million shares from 74.1 million shares in the previous session.

The equity market’s turnover was 1.53 billion Sri Lankan rupees ($4.23 million), according to exchange data.

Foreign investors were net buyers in the equity market, purchasing 66.2 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 1.52 billion rupees, data showed.