Sri Lanka and Pakistan are positioned to take the lead in South Asian frontier markets, extending their current market rally into 2025. This optimistic outlook is driven by ongoing economic and political reforms, low market valuations, a recovery in earnings, and a potential for greater political stability, as reported by the AFC Asia Frontier Fund.
The Colombo Stock Exchange closed higher on Tuesday, as indicated by data on its site. The broader All Share Index rose by 0.37 percent, or 42.09 points, closing at 11,293, while the more liquid S&P SL20 Index increased by 0.39 percent, or 12.44 points, ending at 3,226. Turnover for the day was 582 million rupees,
Hemas Holdings PLC has reported a consolidated revenue of Rs. 25.5 billion for the first quarter of FY25, ending June 30, 2024. Despite facing a challenging economic environment, the Group achieved operating profits of Rs. 1.9 billion and earnings of Rs. 0.9 billion during this period. The revenue decline compared to the previous year was
Sri Lanka’s rupee opened stronger at 305.95/306.25 against the US dollar on Monday, with bond yields down and stocks rising by 0.07%, according to dealers. On Friday, the rupee had closed at 306.00/20 against the greenback. In the equities market, Colombo’s All Share Price Index started 7.90 points higher at 12,152, while the S&P SL20,