Sri Lankan stocks fall

Dhaka,  Monday,   2016-09-19
Published : 19 Sep 2016, 13:25:50

Sri Lankan stocks fall; rupee edges down

Sri Lankan stocks fall
Sri Lankan shares fell on Monday, with the benchmark Colombo stock index down 0.1 per cent at 6,465.95 as of 0621 GMT.

Turnover was at 201.9 million rupees ($1.38 million).

The Sri Lankan rupee traded weaker as importer dollar demand surpassed selling of the US currency by exporters, dealers said.

The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday's close of 145.75/85.

One-week forwards were at 146.05/20, compared with the previous close of 145.90/146.00.

Markets were closed on Friday for a Buddhist religious holiday.

The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency.

The central bank has largely not intervened to defend the rupee ever since a dual-tenure sovereign bond issue raised $1.5 billion in July, according to a news agency report.

-SRS-
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