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* Sri Lankan shares rise on industrial, material gains
Tue, Apr 6, 2021, 08:36 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 06 (Reuters) Sri Lankan shares closed higher on Tuesday, boosted by gains in industrial and material stocks. The CSE All-Share Index ended up 0.87% at 7,280.27, posting its third straight session of gains.

Conglomerates Hayleys Plc and Vallibel One Plc were the top boosts to the index on Monday, gaining 9.5% and 8%, respectively.

Palm oil cultivators Shalimar Estates and Watawala Plantations Plc fell 14.8% and 7.8%, respectively, a day after the country banned imports of palm oil and new palm plantations and told producers to uproot existing plantations.

Meanwhile, the country’s cabinet on Tuesday approved the purchase of six million doses of Russia’s Sputnik-V vaccine for $69.65 million. The island nation had reported 93,595 total confirmed cases and 586 deaths, as of April 6.

Trading volume fell to 69.2 million from 77.6 million in the previous session.

Foreign investors were net sellers, offloading 231.3 million rupees ($1.16 million) worth of shares, according to exchange data.

Equity market turnover was 2.48 billion rupees, exchange data showed.

The Sri Lankan rupee was quoted at 199.5 against the U.S. dollar, as of 1112 GMT, according to Refinitiv data.

Read More:: Reuters (Source)