Financial, communications stocks gain strength

Sri ‌Lankan shares closed higher on Tuesday, led by financial ​and communications stocks.

The CSE All-Share index settled 2.75% higher at 22,123.39 points.

Commercial Bank of Ceylon and Dialog Axiata were ‌the top ‌boost to ​the ‌index, ⁠up ​4.28% and ⁠4.88%, respectively, on the day.

Trading volume on the index rose to 249.3 million shares from 144.4 million ⁠shares in the ‌previous ‌session.

The equity market’s turnover rose to 7.91 billion Sri Lankan rupees ($23.81 million) from 3.33 billion rupees in the previous session, according to exchange data.

Foreign investors were net ⁠sellers, ⁠offloading stocks worth 1.26 billion rupees, while domestic investors were net buyers, purchasing shares worth 7.85 billion rupees, the data showed.