Colombo shares in early trade on Thursday couldn’t sustain the bullish market momentum that lasted for five days with reports of an increase in Treasury bill rates dampening enthusiasm. Analysts said that a possible increase in the Treasury Bill (T-bill) rates as hinted by Finance Minister Ravi Karunanayake to attract foreign investors to the Government securities impacted trader sentiment as they may be looking to invest in T-bills rather than stocks. The main All Share index stood at 7,329.44, down by 0.41 per cent with the S&P SL20 index down by 0.36 per cent to read as 4,101.62 by 12.25 pm on a market turnover of Rs. 494.2 million.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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