ECONOMYNEXT – Sri Lanka’s shares gained in mid day trade on positive sentiments on speculation of potential conclusions of the International Monetary Fund (IMF) deal of 2.9 billion US dollars, analysts said.
“The market also anticipates rate cuts to be announced at the Monetary Policy on Friday,” an analyst said.
All Share Price Index (ASPI) was up 1.19 percent or 110.16 points to 9,332.46, while the most liquid share S&P SL20 was up 0.58 percent or 25.01 points to 2,830.27.
The market generated a revenue of 1.2 billion rupees.
Top gainers during 1230 hours were Hatton National Bank, Sampath Bank and Commercial Bank.
Banks were receiving attraction due to rumors on a secured IMF deal, the analyst said. (Colombo/Mar02/2023)