July, 22, 2018
Reuters - Sri Lankan shares rose on Friday to their highest close in three weeks and marked their second weekly gain in nine.
The Colombo stock index ended 0.13 percent firmer at 6,191.17, its highest close since June 29. It rose 0.86 percent on the week, but has fallen 2.8 percent year to date.
A downward revision in economic growth estimate by the central bank has hurt sentiment, analysts have said.
Economic growth in 2018 is likely to be between 4 percent and 4.5 percent, falling short of an earlier estimate of 5 percent, Central Bank Governor Indrajit Coomaraswamy said earlier this month.
Shares in Ceylinco Insurance Plc rose 3.4 percent, while Lanka ORIX Leasing Plc gained 2 percent and biggest listed lender Commercial Bank of Ceylon Plc ended 0.3 percent firmer.
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