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17 October 2015

Sri Lankan stocks fall for 4th day to over 3-month closing low
Sri Lankan shares fell for a fourth straight session and closed at their lowest level in more than three months on Friday as investors waited for clues from government policies and budget, brokers said.
The main stock index ended 0.14 percent, or 9.71 points, weaker at 7,020.74, its lowest close since July 13.
Analysts said a government move to implement a budget proposal of a retrospective tax targeting corporate is the main concern for investors.
"Bad stories about the budget are dragging the market lower and we have seen a state fund also selling, that too prevented other investors from entering," said a stock broker asking not to be named.

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