COLOMBO, June 12 (Reuters) – Sri Lankan shares rose for the fourth straight session on Wednesday to hit a more than five-week closing high on local buying, offsetting continued foreign selling in equities, while the rupee ended slightly weaker on dollar demand from importers. ** The benchmark stock index ended 0.81% firmer at 5,378.73, its highest close since May 7. It fell 0.24% last week and declined 11.13% this year so far. ** The central bank cut its key interest rates on May 31 to support a faltering economy as overall business and consumer confidence slumped following deadly bomb attacks in April.
Source – Reuters