COLOMBO: Sri Lankan shares closed higher on Friday, ending a nine-session losing streak, with turnover rising to an over-three-week high on block deals in Textured Jersey Lanka. However, analysts said rising domestic interest rates and global economic worries still remain the main risks.

The benchmark index closed 0.67 percent higher at 6,250.78, edging up from its lowest close since April 29, 2014 hit on Thursday. It has fallen 2.87 percent in the last nine sessions through Thursday.

The key index has fallen around 10 percent this year through Thursday, amid a rise in market interest rates.

Turnover was 1.56 billion rupees ($10.83 million), well above this year’s daily average of 731.8 million rupees and highest since Feb 2, on block deals in Textured Jersey Lanka.—Reuters