The Colombo share market was positive on Friday with analysts saying that the previous Friday’s near 3 per cent fall was an ‘overkill’ and that traders have now factored the controversial super gain tax into their decisions.
They also caution that policy changes like this has dangerous, long term consequences for long term investments.
“The CSE took a while to adjust to the added political risk during the presidential elections, and now it may have to re-rate the new government’s gamble of short term fixes at the cost of long term sustainable growth,” an analyst said.
Traders laid their bets on high valued shares with the core All Share appreciating 1.61 per cent to close at 7,160.84 while the S&P SL index gained by 2.52 per cent to close at 3,950.94 points on a Rs. 2 billion in turnover.
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.
Leave Comments