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IT, utilities stocks drag Sri Lankan shares lower
Sri Lankan shares closed lower on Thursday, dragged by IT and utilities stocks. The CSE All-Share index settled 1.4% lower at 20,234.34 points. Distilleries Company of Sri Lanka and Dialog Axiata were the biggest drag on the index, down 2.85% and 1.34%, respectively. Trading volume on the index rose to 72.9 million shares from 60.4 million shares in the previous session. The equity market’s turnover rose to 2.74 billion Sri Lankan rupees ($8.28 million) from 1.97 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 32 m...
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