Sri Lankan shares rise on industrial, material gains

April 6 (Reuters) - Sri Lankan shares closed higher on Tuesday, boosted by gains in industrial and material stocks

* The CSE All-Share Index ended up 0.87% at 7,280.27, posting its third straight session of gains.

* Conglomerates Hayleys Plc and Vallibel One Plc were the top boosts to the index on Monday, gaining 9.5% and 8%, respectively.

* Palm oil cultivators Shalimar Estates and Watawala Plantations Plc fell 14.8% and 7.8%, respectively, a day after the country banned imports of palm oil and new palm plantations and told producers to uproot existing plantations.

* Meanwhile, the country’s cabinet on Tuesday approved the purchase of six million doses of Russia’s Sputnik-V vaccine for $69.65 million. The island nation had reported 93,595 total confirmed cases and 586 deaths, as of April 6.

* Trading volume fell to 69.2 million from 77.6 million in the previous session.

* Foreign investors were net sellers, offloading 231.3 million rupees ($1.16 million) worth of shares, according to exchange data.

* Equity market turnover was 2.48 billion rupees, exchange data showed.

* The Sri Lankan rupee was quoted at 199.5 against the U.S. dollar, as of 1112 GMT, according to Refinitiv data.

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$1 = 199.5000 Sri Lankan rupees Reporting by Soumyajit Saha in Bengaluru; Editing by Amy Caren Daniel