Nov 23 (Reuters) - Sri Lankan shares rose more than one percent for a second straight session on Tuesday, driven mostly by gains in financial stocks. The CSE All-Share index (.CSE) closed 1.03% higher at 10,928.60 points.
Lanka ORIX Leasing Company Plc (LOLC.CM) was the top boost, rising 18.1% to a record high.
The Central Bank of Sri Lanka (CBSL) is expected to raise rates a second time since the onset of the pandemic on Thursday to curtail inflationary pressures, manage external challenges and attract foreign inflows, economists and analysts said. read more
The equity market's turnover was 6.6 billion Sri Lankan rupees ($32.59 million) according to stock exchange data.
Trading volume on the exchange fell to 216.2 million shares, from 224 million shares in the previous session.
Foreign investors were net sellers in the equity market, offloading shares worth about 217.7 million rupees, as per exchange data.
The island-nation reported 735 new coronavirus cases in the last 24 hours, taking the total to 558,120, data from the country's health bureau showed.
Total death toll was at 14,158, according to the data.
About 62.87% of the country's population is fully vaccinated so far, according to data from Johns Hopkins University.