CSE hurt by industrial, financial stocks

COLOMBO: Sri Lankan shares closed lower on Monday, hurt by losses in industrial and financial stocks.

The CSE All-Share index closed 1.45% lower at 8,602.16, exchange data showed. The index had closed down 0.84% on Friday, but saw a weekly gain of 0.5%.

Sri Lanka’s key inflation rate slowed to 66% in October after hitting 69.8% in September, the crisis-struck country’s statistics department said

Conglomerate Expolanka Holdings Plc and LOLC Holdings Plc were the top drags on Monday, falling 6.4% and 3.2%, respectively.

Trading volume on the CSE All-Share index rose to 42.8 mill