On December 1st, according to Reuters, the Sri Lankan stock market rose for the fifth consecutive trading day on Thursday, boosted by expectations of a rebound in the country's tourism industry due to slowing inflation.
At closing, the CSE all-share index rose 0.61% to 8,703.79, reaching the highest level in a month.
After experiencing a 13.38% decrease last month, the index rose by 0.57% in November.
The national statistical bureau announced after the market closed on Wednesday that Sri Lanka's key inflation rate, the Colombo Consumer Price Index (CCPI), decreased from 66% in October to 61% in November.
The minister of tourism stated on Thursday that the island nation hopes to double the number of tourist arrivals next year to 1.5 million, bringing in a significant foreign exchange income of USD 5 billion.
The Ceylon Tobacco Company PLC and LOLC Holdings PLC were the biggest boosters to the CSE All Share Index, rising by 6.5% and 3.6% respectively.
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