Bourse hits 3-week low on economic woes

By Shihar Aneez

Sri Lankan stocks fell to a near three-week low on Tuesday on worries over a delayed $1.9 billion IMF loan and lack of foreign interest in the post-war bourse.
The rupee closed flat at 114.90/95, with the central bank mopping up dollars at 114.90 rupees for a seventh straight week.
The bourse fell 0.32 percent, or 7.78 points, to 2392.11, its lowest close since June 17. It hit a one-year high on June 22. “Investors are waiting for directions on economic front with low foreign participation and negative global share markets,” said Mohandas Thangarajah, a broker at First Guardian Equities.

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