Sri Lankan shares rise as consumer discretionary, financials stocks gain

Sri Lankan shares closed higher on Thursday, led by consumer discretionary and financials stocks.

The CSE All Share index settled up 0.15% at 23,768.99

Kerner Haus Global Solutions PLC and Paragon Ceylon PLC were the top percentage gainers on the CSE All Share index, rising 25% and 24.8%, respectively.

Trading volume on the CSE All Share index rose to 441.2 million shares from 276.9 million in the previous session.

The equity market’s turnover rose to 11.11 billion Sri Lankan rupees ($35.9 mln) from 8.24 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 5.25 billion rupees, while domestic investors were net buyers, purchasing shares worth 6.89 billion rupees, the data showed.