Ceylon Tobacco, Lanka IOC top drags for CSE All-Share index

COLOMBO: Sri Lankan shares closed lower on Friday, dragged down by consumer staples and energy.

The CSE All-Share index closed 0.59% lower at 8,685.52.

Ceylon Tobacco Company Plc and Lanka IOC Plc were top drags for the index on Friday, falling 5% and 3.8%, respectively

Trading volume on the CSE All-Share index fell to 52.8 million shares from 57.3 million shares in the previous session.

The equity market’s turnover was 1.32 billion Sri Lankan rupees ($3.64 million), according to exchange data.

Foreign investors were net buyers in the equity market, purchasing 212.7 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 1.31 billion rupees, data showed.