Sri Lanka's shares .CSE hit more than a 15-month high on Thursday led by institutional buying of blue chips and retail-driven hotel share purchase, on expected post-war economic growth, analysts and traders said.
The bourse in the first three hours of trading rose 1.56 percent to hit 2,592.94 points, its highest since May 23, 2008 and its fourth straight rise, Reuters data showed.
"This is mainly due to several positive news (items) since the war, and long-awaited investors are now buying shares," Channa Amaratunge, director at CT Capital, told Reuters.
HSBC, named Best Global Bank by Euromoney, announced the launch of yet another ground-breaking concept, ‘Red Hot Days’ to offer attractive discounts to Premier, Platinum, Gold and Classic credit cardholders on special days of the week at twenty nine merchant outlets.