The Colombo bourse on Wednesday cheered the new regulator Thilak Karunaratne at Securities and Exchange Commission (SEC) with analysts saying that an expected reduction in inflation following the tax cut on fuel and other key commodities announced in the Government’s ‘100-Day Programme’ is weighing positive in the traders' sentiment.
They also added that the Monetary Board’s decision to continue with unchanged interest rates helped the core All Share Index to close at 7,395.29, having increased by 0.38 per cent, while S&P SL20 index simultaneously gained 0.32 per cent to stand at 4,143.72.
Mr. Karunaratne is replacing Nalaka Godahewa who was appointed by former President Mahinda Rajapaksa after complaints by some powerful investors saying harsh rules by the SEC were diminishing the market.
The turnover soared to Rs. 1.3 billion and blue chips JKH, Commercial, Distilleries and Chevron gained interest today entering the top turnover list.
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The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
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.
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.
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.
Gazette on new speed limit regulations to be issued within two weeks
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