July 24, 2020 / 1:10 PM / 14 days ago

Sri Lankan shares rise as industrial, financial stocks gain

July 24 (Reuters) - Sri Lankan shares rose on Friday as gains in industrial and financial stocks boosted risk sentiment.

** The benchmark CSE All Share Index closed 0.48% higher at 5,065.30, posting a weekly gain of 1.54%.

** Shares of Ceylinco Insurance Plc and Carson Cumberbatch Plc rose 2.8% and 2.7%, respectively, and were among the top boosts on the index.

** Foreign investors were net sellers, offloading 109.5 million Sri Lankan rupees ($589,502.02) worth of shares, according to exchange data.

** Trading volume on the CSE All Share Index inched down to 62.1 million, compared with 62.3 million in the last full trading day.

** Equity market turnover was 871.9 million Sri Lankan rupees.

** The Sri Lankan rupee was last quoted at 185.75 against the U.S. dollar as of 1240 GMT, according to Refinitiv data.

** For a report on global markets, click

** For a report on major currencies, click ($1 = 185.7500 Sri Lankan rupees)

Reporting by Philip George in Bengaluru; Editing by Devika Syamnath

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