Sri Lanka’s Colombo Stock Exchange surged to a historic 9,000 points during trading on Tuesday and then eased back for the All Share Price Index (ASPI) to settle at 8,997.60 by the end of trading.
The ASPI gained by 11.16 percent on Tuesday amidst heightened activity, a reflection of how the market has reached tremendous highs in recent weeks. Turnover was a huge Rs. 10.8 billion while the S&PSL20 gained by 11.97 percent to 3.375.73.
Traders said the stock market is bucking trends as the economy is in crisis, interest rates are high, the country’s rating is at a perilous level while the country’s forex resources is at low levels – all negative factors for investor interest.
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
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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