Stocks in Sri Lanka Rebound as World Bank to Grant Financial Aid
- Colombo All-Share Index marks first advance since April 5
- Losses caused trading halts in each of the last two sessions
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Sri Lanka stocks rallied, marking their first day of gains since April 5, after the World Bank said it will allocate funds to ease the nation’s economic crisis.
The Colombo All-Share Index ended 6.8% higher, after losing about 15% in the past two days. The bluechip S&P Sri Lanka 20 Index surged 14%. Trading had to be suspended in the prior two sessions within minutes of the open as the S&P gauge fell by its daily set limit.