After a topsy-turvy three days of trading in which Colombo shares rose and then fell, the Colombo bourse on Thursday saw renewed demand resulting in both indexes showing gains.
The All Share Index (ASI) gained by 2.7 per cent to close at 6,114.13 while the S&P rose by 4.4 per cent to end at 3,221.07 on Rs. 1.5 billion turnover.
Traders said the market has been mixed after President Maithripala Sirisena sacked Prime Minister Ranil Wickremesinghe last Friday and installed former president Mahinda Rajapaksa creating chaos and confusion in the country.
The bourse has seen foreigners selling out with the political scenario adding to the reason which earlier was due to a interest rate hike in the US, which saw funds pulling out from many emerging markets. On Thursday, unconfirmed reports said Parliament would resume on Monday, November 5 instead of November 16, a move that is likely to boost market sentiment tomorrow. (DEC)
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.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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