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Sri lanka News – Sri Lanka stocks gained over 2 percent in mid-day trade on Wednesday (31) as investors welcomed the interim budget, analyst said.

The main All Share Price Index moved up 2.06 percent or 182.69 points to 9,048.09 at 1130 hours.

“The market gained on positive sentiments as investors welcomed the interim budget that was presented on Tuesday. It didn’t have any deviation from the economic policy that was presented on May 31st and mainly the exclusion of capital gains tax from the budget,” a top analyst said.

“There are speculation of an IMF deal too so all those factors are moving the market.”

The most liquid index gained 2.42 percent or 69.36 points to 2,932.11.

Market generated a turnover of 2.5 billion rupees.

Shares that drove the market in the first hour were Aitken Spence, Melstacorp and Hayleys. (Colombo/Aug31/2022)

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