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Sri Lanka stocks close up after IMF staff level agreement news

ECONOMYNEXT – The Colombo Stock Exchange closed up on Thursday after the International Monetary Fund announced it had reached a staff level agreement with the Sri Lanka government on its fifth review. “Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$347 million in financing,” the IMF said. The All Share Price Index closed up 0.51 percent, or 111.84 points, at 22,209.83; while the S&P SL20 closed up 0.13 percent, 7.96 points, at 6,171.18 provisional data on its site showed. Turnover was 13.3 billion rupees. Most of this came from banks (6.4…

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