Colombo bourse hails 2018 budget

Business

Share prices in the Colombo stock market were up in early trades on Friday morning owing to positive sentiment over the 2018 national budget delivered on Thursday by Finance Minister Mangala Samaraweera. The All Share Index was up by 0.09 per cent at 6,573.23 by 11 am with the Milanka Index up by 0.97 to 3,721.23.

The coalition Government’s third budget stayed true to the Government’s Economic Development Plan ‘Vision 2025’ and thus far has been the most consistent with the Government’s long term economic policy, an analyst said.

The most salient proposal was to develop the capital market with the pledge of listing of the two major state banks - People's Bank and Bank of Ceylon. (DE)

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