Market started the week on lackluster mood with MPI showing a marginal gain. However, on Tuesday the trend reversed putting all the indices on a double digit growth with the interest of foreign investors, specially on JKH. The positive sentiment over the counter improved further as the foreign buying continued which helped the market turnover to pass LKR 1 Bn mark on Wednesday. Thursday the bulls took a rest where indices came down slightly while local investors joined towards the end to further improve the indices.
Foreign investors triggered the market momentum during the week while local buying crept in towards the end. Political background of the bourse was heated up with the resignation announcement of the SEC’s president. Interest rates and exchange rates remained almost stable while global markets also saw a slight recovery.