ECONOMYNEXT – Sri Lanka stocks closed up on Thursday, Colombo Stock Exchange data showed.
The All Share Price Index was up 0.77 percent, or 80.62 points, at 10,593.
The S&P SL20 index of liquid stocks was up 1.08 percent, or 32.27 points at 3,010.
Turnover crossed the one billion mark for the first time since last week (22).
Market participants said there was renewed investor interest in the market after Wednesday’s news that Sri Lanka and the official creditor committee has agreed on a debt restructuring deal.
“The OCC and Sri Lanka agreed on the main parameters of a debt treatment consistent with those of the Extended Fund Facility (EFF) arrangement between Sri Lanka and the IMF,” the Paris Club Secretariat said in a statement.
“This agreement will allow the IMF staff to present to the IMF Executive Board the first review of Sri Lanka’s EFF arrangement and open the way for approval of the second disbursement under the arrangement.”
There was a net foreign inflow of 377 million, mostly due to foreign interest in John Keells Plc (up at 191.75).
Top positive contributors to the ASPI included John Keells Holdings Plc, Commercial Bank of Ceylon Plc (up at 87.10), and Melstacorp Plc (up at 79.40). (Colombo/Nov30/2023)