Speculation of Parliament dissolution tomorrow troubles Colombo bourse

Business

Speculation that Parliament could be dissolved tonight (Monday) or tomorrow dominated low, uncertain trading at the Colombo bourse, traders said. The All Share Index fell 0.05 per cent or 36.47 points to 7,087.26 while the S&P eased by 0.99 per cent or 39.16 points to 3,924.52. Traders said turnover was a low Rs. 659.7 million. Investors have been confronted with uncertainty over the impending dissolution of parliament in the past few weeks with confusing statements, through the media, by politicians from all sides. “Today, there was market talk that this could happen today or tomorrow,” one trader said. The Sri Lankan cabinet chaired over by President Maithripala Sirisena was due to meet tonight to discuss proposed electoral reforms via a 20^th amendment to the Constitution, and seek the consent of what is seen as a divided cabinet. - ENDS -

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