July 31 (Reuters) – Sri Lankan shares snapped a three-session losing streak on Friday, led by gains in financial and consumer staples stocks.
** The benchmark CSE All Share Index closed 0.71% higher at 5,124.26.
** The index, down 16.4% since the start of 2020, fell a modest 0.5% in July.
** Shares of Ceylon Tobacco Co Plc and telecom firm Dialog Axiata Plc climbed 1.9% and 3.7%, respectively, and were the top boosts on the index.
** Commercial Leasing & Finance Plc and Property Development Plc were the biggest drags on the index, shedding about 3.1% each.
** Sri Lanka’s headline inflation increased to 4.2% year-over-year in July, from 3.9% in June, driven by higher prices of items in the non-food category, the country’s central bank said here
** Foreign investors were net buyers, purchasing 366.4 million Sri Lankan rupees ($2 million) worth of shares, according to exchange data.
** Trading volume on the CSE All Share Index climbed to 82.1 million shares, from 34.1 million a day earlier.
** Equity market turnover was 1.4 billion Sri Lankan rupees.
** The Sri Lankan rupee was last quoted at 185.55 against the dollar as of 1330 GMT, according to Refinitiv data.
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** For a report on major currencies, click ($1 = 185.5500 Sri Lankan rupees) (Reporting by Sachin Ravikumar in Bengaluru; Editing by Aditya Soni)
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