Colombo’s shares opened higher on Wednesday but later slipped on the 13th day of an extraordinary constitutional crisis, of which a resolution is not clearly evident.
Analysts say that retailers are now quick to make profits and with the rupee ending slightly weaker on Monday due to dollar demand for outflows in government securities, stocks slipped from its highs from previous sessions. Tuesday was a holiday for the Colombo Stock Exchange on account of Diwali.
The country’s political turmoil continues which newly appointed Prime Minister Mahinda Rajapaksa’s attempts to resolve is going nowhere which is another reason that retailers are cashing in, they added.
The All Share Index (ASI) was down by 1.09 cent by 10.40 am to stand at 5,995 points with S&P down by 1.93 per cent to stand at 3,128.94 points on a Rs. 112 million turnover. (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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