President Ranil Wickremesinghe has addressed concerns regarding the progress of IMF discussions and upcoming elections, stating that certain platforms with non-political intentions are making claims about these matters. Speaking at the opening of the Theldeniya courts complex, he emphasized that discussions with private creditors are progressing positively, despite some individuals spreading rumors of their failure and predicting the dissolution of Parliament.
The President highlighted the adverse impact of such speculation on the stock market, noting that certain individuals exploit the situation by purchasing shares after spreading false information. He reiterated that these issues are not political but rather based on economic and administrative processes.
Meanwhile, Sri Lanka’s Opposition, particularly the Samagi Jana Balavegaya, has been advocating for the dissolution of Parliament and calling for polls. This sentiment escalated following the recent dismissal of State Minister Diana Gamage. However, Cabinet spokesman Minister Bandula Gunawardena dismissed claims of imminent snap Provincial polls.
Market participants observed increased volatility in the Colombo Stock Exchange this week, attributing it to political uncertainty. Despite this, the exchange opened positively on Thursday, with the All Share Price Index and S&P SL20 showing modest gains.