March 14 (Reuters) - Sri Lankan shares fell over 1% on Monday, dragged down by industrials and financials, with investors keeping an eye on the visit of an International Monetary Fund official to assess the crisis-hit economy.

* The CSE All-Share index fell 1.05% to 10,565.26 points.

* A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya Rajapaksa on the fund's assessment of the crisis-hit economy, Sri Lanka mission chief Masahiro Nozaki told Reuters.

* Sri Lanka is facing its worst financial crisis in years. With foreign exchange reserves standing at a paltry $2.31 billion, the country is struggling to pay for critical imports including fuel, food and medicines.

* Last week, the Central Bank of Sri Lanka devalued the currency.

* Surge in crude prices is also disrupting the fuel import plans of the country, which is facing its worst financial crisis in a decade with foreign exchange reserves shrinking.

* Commercial Leasing and Finance Plc and Conglomerate Expolanka Holdings Plc were top drags, falling 5.4% and 2.4%, respectively.

* Foreign investors were net buyers in the equity market, purchasing shares worth nearly 56.33 million Sri Lankan rupees, while domestic investors were net sellers, offloading 1.28 billion rupees worth of shares, exchange data https://bit.ly/3K30YG9 showed.

* Equity market turnover was 1.31 billion Sri Lankan rupees.

* Trading volume fell to 51.4 million shares from 143.2 million shares in the previous session.

* For a report on global markets, click (Reporting by Nallur Sethuraman in Bengaluru; Editing by Shinjini Ganguli)