BusinessSri Lankan stocks rose to an 18-month high on Friday led by blue-chips as foreign buying continued, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. Foreign investors net bought 432.9 million rupees ($2.82 million) worth of shares on Friday, extending their year-to-date net inflow to 22.2 billion rupees worth of equities. "Market is up with the continued foreign buying in big-cap shares," said Dimantha Mathew, head of research, First Capital Holdings PLC. Turnover was 1.2 billion rupees, well below this year's daily average of 928.8 million rupees.

Source: Sunday Times June 30, 2017 12:11 UTC