As of September 19, 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 780,011.00 24 Carat 1 Gram Rs. 27,520.00 24 Carat 8 Grams ( 1 Pawn ) Rs. 220,150.00 22 Carat 1 Gram Rs. 25,230.00 22 Carat 8 Grams ( 1 Pawn ) Rs. 201,850.00 21
On Monday, Sri Lanka’s rupee opened weaker at 303.35/85 against the US dollar, a decline from Friday’s rate of 302.25/80, according to dealers. Meanwhile, bond yields have increased, and stock markets showed gains. In the secondary market during the treasury bill auction, the following bond yields were noted: In equities, the Colombo All Share Price
On Monday, September 9, 2024, Sri Lankan dollar bonds experienced a sharp sell-off, which may attract bargain hunters as investors reassess their positions ahead of the upcoming presidential elections, market experts suggest. According to Bloomberg, the decline in Sri Lankan dollar bonds intensified as investors reduced their exposure due to rising political uncertainties ahead of
The Sri Lankan rupee opened slightly stronger at 300.75/301.00 to the US dollar on Tuesday, following Monday’s close of 301.50/302.00. Bond yields also saw a significant rise, according to market dealers, while stocks showed a modest increase of 0.13 percent in early trading. In secondary market bond trading, activity was subdued ahead of a bond
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to official data. Meanwhile, credit to state-owned enterprises (SOEs) decreased during the same period. In July, banks extended Rs. 82.7 billion in loans to the government, with much of this being interest roll-overs,
Sri Lanka’s rupee opened stronger on Friday, trading at 298.70/80 against the US dollar, according to market dealers. The rupee had closed at 298.80/90 on Thursday. Bond yields also saw an uptick, and stocks opened with a slight rise of 0.09 percent. In the secondary bond market: In the stock market, the Colombo All Share
Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy. The bank first announced the voluntary liquidation of the wholly-owned subsidiary in August 2022. The final procedures have now been concluded, and Commex Sri Lanka S.R.L. has been deregistered from the Chamber
Sri Lanka’s rupee opened steady at 298.90/299.00 against the US dollar on Thursday, according to market dealers. Bond yields saw a rise, and the Colombo Stock Exchange (CSE) opened with a 0.42 percent gain. Bond Market Performance: Stock Market Update: Sri Lanka’s financial markets remain volatile, with currency stability and bond yield fluctuations reflecting global
Sri Lanka’s rupee opened weaker on Tuesday, trading at 299.10/30 to the US dollar, according to market dealers. This marks a slight depreciation from the previous day’s closing rate of 298.80/299.00. Bond yields remained largely steady in the secondary market. A bond maturing on December 15, 2026, was quoted at 11.00/15 percent, slightly down from
Sri Lanka’s National Development Bank Plc (NDB) has announced plans to raise up to 10 billion rupees through a debenture issue. The bank will offer Basel III-compliant, Tier 2 listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion at 100 rupees each. Initially, 50 million of these 5-year debentures will be issued, with the