Stock Market

CSE Remains Sluggish Amid Investor Caution

  • August 9, 2024

The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties. The All Share Price Index (ASPI) began the day positively, reaching an

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Economics

Banks Discuss Sovereign Bond Repayment in Rupees Amid Exchange Rate Concerns

  • July 26, 2024

Sri Lankan Banks Discuss Repayment of Sovereign Bonds in Rupees Amid Exchange Rate Concerns Sri Lanka’s domestic banks are in negotiations with the government about repaying their sovereign bonds in rupees, according to sources. This potential shift has raised concerns about its impact on the exchange rate. Currently, out of $12.55 billion in sovereign bonds,

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