COLOMBO, July 27 (Reuters) - Sri Lanka's stock market rose 1
percent on Friday to a three-week high led by top conglomerate
John Keells Holdings after it posted
better-than-expected earnings in the last quarter.
Shares of John Keells advanced 3.37 percent to 183.90 rupees
a share, a day after the company said its June quarter net
profit rose 34 percent year-on-year.
The Colombo Stock Exchange's main index rose 1.17
percent, or 56.90 points, to 4,933.09, highest since July 4.
The day's turnover of 425.68 million rupees, well below this
year's daily average of 895.2 million rupees.
Foreign investors were net buyers for a sixth straight
session on Friday, buying a net 70.4 million rupees worth of
shares, extending the net foreign inflow so far this year to
24.1 billion rupees.
The rupee closed weaker at 131.50/70 against the dollar in
thin trading volumes from Thursday's close of 131.20/30 on
importers' demand for dollars.
($1 = 131.1500 Sri Lanka rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by
Sanjeev Miglani)
Source: http://news.yahoo.com/sri-lanka-stocks-strong-earnings-rupee-weaker-123415208--sector.html
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