Amidst a deepening constitutional crisis and political uncertainty, Sri Lankan’s Colombo Stock Exchange (CSE) opened sharply up with both indices up, albeit on thin volumes, analysts said.
The All Share Index went up by 1.96 per cent to stand at 5,946.21 by 10 am with the S&P Index going up by 2.06 per cent to stand at 3,058.99 points. The turnover was Rs.95.09 million on a volume of 9 million shares by this time.
President Maithripala Sirisena shocked the country on Friday night by announcing the dismissal of the Prime Minister Ranil Wickremesinghe and replacing him with Mahinda Rajapaksa, who he ousted in a 2015 election when Rajapaksa was President. In 2015, he with Mr. Wickremesinghe promised an end to the allegations of corruption, nepotism and human rights abuses that surrounded Rajapaksa’s regime.
The ousted Prime Minister says that his dismissal is unconstitutional and has refused to vacate Temple Trees, the prime ministerial residence. Analysts say shares prices are expected to rise further today.
(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.
Leave Comments