Lankan shares end lower

Sri Lankan shares closed lower on Friday, dragged down by losses in industrial and financial stocks.

The CSE All-Share index closed down 1.35 per cent at 8,865.30 points, shedding 4.84 per cent for the week and snapping a three-week streak of gains.

Conglomerates LOLC Holdings and Expolanka Holdings Plc were the top drags, falling 5.4 per cent and 4 per cent, respectively.

The equity market’s turnover was 6.91 billion rupees ($34.55 million), according to stock exchange data here.

Trading volume on the exchange fell to 248.6 million shares from 265.3 million shares in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth 132.3 million rupees, exchange data showed.