- Last Update 2024-07-19 12:26:00
Colombo shares down on budget fears
Colombo bourse, which recorded its worst drop in four years as investors reacted to the “super gain tax” proposed last Thursday at the mini budget, saw a fresh wave of panic selling during early trading on Monday. Analysts said that since it is a short trading week, this week's trading will also be sluggish. They added that several taxes knocked on blue-chip companies drove the index down 52 points by 10.35 am. The propose tax may impact close to thirty listed companies which represents almost 60 per cent of the market capitalization. Core index, All Share was down 0.67 per cent standing at 7,128.47 with S&P SL 20 index showing a 1.22 per cent loss to stand at 3,913.98 on a Rs.305.4 million turnover at this time. Importantly, analysts said that the market PE has dropped to 14.0x and the price declines create a good buying opportunity for the bargain hunters to collect blue-chips at relatively cheap prices.
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- July 11, 2024 - 1275 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 322 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 278 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 278 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 191 - 0
Gazette on new speed limit regulations to be issued within two weeks
Gazette on new speed limit regulations to be issued within two weeks
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