Sri Lankan shares closed lower on Friday as losses in communication services stocks outweighed gains in IT shares, leaving the benchmark down 0.97% for the week.

Here are some details:

  • The CSE All Share index CSELK:ASI settled down 0.19% at 22,178.73, extending losses to a fourth straight session.

  • Tess Agro PLC CSELK:TESS.N0000 and Waskaduwa Beach Resort PLC CSELK:CITW.N0000 were the top percentage losers on the CSE All Share index, falling 6.7% and 5.6%, respectively.

  • Trading volume on the CSE All Share index fell to 30.6 million shares from 47.4 million in the previous session.

  • The equity market's turnover rose to 1.54 billion Sri Lankan rupees ($4.60 million) from 1.52 billion rupees in the previous session, according to exchange data.

  • Foreign investors were net sellers, offloading stocks worth 160.8 million rupees, while domestic investors were net buyers, purchasing shares worth 1.54 billion rupees, the data showed.

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($1 = 335.0000 Sri Lankan rupees)