Shares end lower as consumer, telecom losses weigh

REUTERS: Shares closed lower for a fourth session on Friday, dragged down by losses in communication services and consumer staples stocks.

The benchmark CSE All Share Index closed 0.23% lower at 5,320.87. The index posted a weekly loss of 1.14%.

C. T. Holdings PLC shed 3.2%, while communication services provider Dialog Axiata PLC fell about 0.9%, among the session’s top drags.

Trading volume on the CSE All Share Index fell to 40.8 million, from 50.8 million in the previous session.

Foreign investors were net sellers, offloading Rs. 364.7 million ($1.96 million) worth of shares.

Equity market turnover was Rs. 1.04 billion, exchange data showed.

The rupee was last quoted at 186.30 against the dollar, according to Refinitiv data.