- Last Update 2024-07-17 16:41:00
Colombo shares cheer GR triumph
The Colombo bourse closed high having risen throughout on Monday with brokers and investors cheering new President, Gotabhaya Rajapaksa’s big victory. Turnover was Rs. 2.4 billion.
The All Share Price Index gained by 1.77 per cent to 6,129.56 while S&P rose by 1.99 per cent to 3,046.04 at close. The turnover was a rich Rs. 2.4 billion with Waskaduwa Beach Resort PLC being the top gainer - up 40 per cent with a turnover of Rs. 11,707,506 on 1.8 million shares.
The presidential election results lifted the bourse from political uncertainty, with traders likely to view the election results as a near-term positive for the bourse, analysts say. Monetary policy is likely to remain accommodative with expectations of a 50 basis points policy rate cut next month. Analysts added that the growth is likely to pick up in 2020 as private investment regains momentum and recovers from this year’s Easter terrorist attacks as well as tourism. (DEC)
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- July 11, 2024 - 1217 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 275 - 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 - 272 - 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 - 272 - 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.
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