COLOMBO Nov 2 Sri Lankan stocks edged higher on
Friday, ending a four-session losing streak, on foreign buying
of shares in conglomerate John Keells Holdings PLC but
many investors stayed away to await direction from next week's
budget and corporate earnings.
The Colombo Stock Exchange's main index rose 0.69
percent, or 37.78 points, to end at 5,532.32.
Shares in John Keells Holdings rose 1.55 percent to 209.70
"The market is up on foreign buying in Keells but many
investors stayed away to see the direction," said a stockbroker
who declined to be identified.
The government will present the 2013 budget on Nov.8 while
several companies will release quarterly results next week.
Turnover was 1.3 billion rupees ($9.97 million), the highest
since Oct. 15 and slightly above this year's daily average of
921 million rupees.
Foreigners bought a net 583.3 million rupees worth of
shares, extending the net foreign inflow this year to 34.5
The rupee ended slightly firmer at 130.30/35 to the
dollar from Thursday's close of 130.30/40 in dull trade, dealers
($1 = 130.3500 rupees)
(Reporting by Ranga Sirilal; Editing by Robert Birsel)