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Sri Lankan shares ended lower for a second straight session on Monday, dragged by the losses in industrials and communication services stocks.
* The CSE All Share index settled down 0.24% at 8,906.20.
* Conglomerate Expolanka Holdings PLC and ICT solutions provider Sri Lanka Telecom PLC were the top losers on the CSE All Share, falling 1.16% and 2.15%, respectively.
* The Sri Lankan economy is expected to contract by 3% in 2023 given the weak external environment, Krishna Srinivasan, Director of the Asia Pacific Department at the International Monetary Fund, said on Monday.
* Trading volume on the index fell to 42.9 million shares from 94.7 million in the previous session.
* The equity market's turnover fell to 676.6 million Sri Lankan rupees ($2.13 million) from 785.8 million rupees in the previous session, according to exchange data.
* Foreign investors were net buyers, purchasing stocks worth 28.2 million rupees, while domestic investors were net sellers, offloading shares worth 675.9 million rupees, the data showed.
* For a report on global markets, click ($1 = 318.0000 Sri Lankan rupees) (Reporting by Ashish Chandra in Bengaluru; Editing by Rashmi Aich)