The Colombo Stock Exchange opened lower on Friday reflecting the higher policy rates that were increased by the Monetary Board the same day by 100 basis points.
However, there was upwards momentum and it gained at the close as the market had already factored in the rate hike, analysts said.
There was buying interest on the back of cheaper prices with traders riding on a 'buy the dip' mentality, analysts added.
LIOC moved on the news that IOC will supply fuel to Sri Lanka with stockbrokers saying that there was large speculation on this share.
The All Share Price Index was up by 80.83 points to close at 11, 243.49 points and the S&P SL increased by 54.45 points to end at 3, 819.44 on a Rs. 3 billion turnover.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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