Gains in communication services stocks

Shares closed higher on Friday, posting weekly gains as ​well, helped by advances in communication services stocks.

Here are the details:

• The CSE All-Share index settled up 0.29% at 23,063.98, gaining 2.3% for the ‌week.

• SMB ‌Finance PLC ​and ‌Muller & ⁠Phipps (Ceylon) ​PLC were the ⁠top percentage gainers on the CSE All-Share index, rising 10% and 9.1%, respectively.

• Trading volume on the index fell to ⁠273.7 million shares from ‌514.5 million ‌shares in the ​previous session.

• The equity market’s ‌turnover slipped to 4.09 billion Sri Lankan rupees ($12.74 million) from 5.28 billion Sri Lankan rupees in ‌the previous session, according to exchange data.

• Foreign ⁠investors ⁠were net buyers, purchasing stocks worth 128.9 million rupees, while domestic investors were net sellers, offloading shares worth 3.99 billion rupees, the data showed.