Shares end higher, mark best in 11 weeks

Saturday, 10 April 2021 00:31 - - {{hitsCtrl.values.hits}}

Reuters: Shares closed higher yesterday, recording their best week in 11, helped by gains in the consumer and industrial sectors.

The CSE All-Share Index rose for the sixth straight session as it gained 0.62% to 7,458.27. The index advanced 3.68% for the week as the country's central bank held key rates and promised accommodative policy on Thursday.

Conglomerate Browns Investments PLC and finance and leasing company LB Finance PLC were the top boosts to the index, gaining 3.4% and 7%, respectively.

Trading volume rose to 169.2 million from 150.6 million in the previous session.

Foreign investors were net sellers, offloading Rs. 562.7 million ($ 2.81 million) worth of shares, according to exchange data.

Equity market turnover was Rs. 3.61 billion, exchange data showed.

The rupee was quoted at Rs. 200.0 against the dollar as of 1107 GMT, according to Refinitiv data.