Sri Lanka shares end lower as communication services, IT drag
BENGALURU, Nov 25 (Reuters) -Sri Lankan shares closed lower on Monday, dragged down by losses in communication services and information technology stocks.
* The CSE All Share index .CSE settled 1.4% lower at 12,866.65.
* Sri Lanka's central bank is expected to renew the easing of interest rates on Wednesday, with a reduction of a quarter percentage point, as it looks to boost economic growth during the island nation's recovery from a lingering financial crisis.
* John Keells Holdings JKH.CM and Commercial Bank of Ceylon PLC COMB.CM were the top losers on the CSE All Share, falling 26.603 and 11.159 index points respectively.
* Trading volume on the CSE All Share index fell to 85.2 million shares from 86.1 million shares in the previous session.
* The equity market's turnover rose to 2.16 billion Sri Lankan rupees ($7.4 million) from 1.90 billion rupees in the previous session, according to exchange data.
* Foreign investors were net sellers, offloading stocks worth 257.2 million rupees, while domestic investors were net buyers, purchasing shares worth 2.05 billion rupees, the data showed.
* For a report on global markets, click MKTS/GLOB
($1 = 290.9000 Sri Lankan rupees)
Reporting by Ashish Chandra in Bengaluru
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