Sri Lanka’s stock market index rose to a seven-week high Friday, even as foreign investors sold heavily, Reuters reported.
Foreign selling accounted for 88.7 percent of the day's 5.04 billion rupees ($38.58 million) turnover, well above this year's daily average of 1.01 billion rupees.
The bourse saw a net foreign outflow of 4.08 billion rupees worth of shares extending the net foreign selling so far this year to 9.6 billion rupees, Reuters reported.
The top conglomerate John Keells Holdings Plc, which ended flat, saw a net foreign selling of 16.94 million shares.
Analysts told Reuters investor sentiment is yet to recover after the United Nations Human Rights Council resolution last week authorised a probe into war crimes by Sri Lanka.
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