Sri Lanka’s rupee strengthened slightly on Thursday, closing at 292.85/293.00 to the US dollar, improving from the previous day’s rate of 293.00/20, according to dealers. Bond yields remained steady ahead of the upcoming Treasury Bond auction scheduled for Friday, where the central bank plans to issue 95 billion rupees worth of bonds. A bond maturing
The Sri Lankan rupee faced a slight weakening trend against the US dollar, closing at 301/302.00 compared to the previous day’s 299.00/30, according to dealers. Despite this, bond yields experienced a downward trajectory, indicating fluctuations in the market. In specific bond movements, those maturing on 15.12.2026 saw a decrease, closing at 9.95/10.10 percent from the
On Tuesday, the Colombo Stock Exchange witnessed a downturn, with the All Share Index dropping by 1.12 percent to 12,358 points and the S&P SL20 Index declining by 1.39 percent to 3,671 points, according to data from the exchange. The market’s total turnover amounted to 3.3 billion. Analysts attributed the decline primarily to political uncertainty,
Sri Lanka’s Ceylon Tobacco Company (CTC) revealed a decline in cigarette sales for the March quarter compared to the previous year, resulting in a decrease in overall revenue amidst tax increments and an economic slowdown. The company reported a drop in revenue to 45.85 billion rupees from 46.93 billion rupees in the same period last
The Securities and Exchange Commission of Sri Lanka (SEC) has taken a significant step by approving a list of Accredited Shariah Scholars as “Supplementary Service Providers.” These scholars are authorized to certify the Shariah compliance of Islamic Capital Market Products for listing on the Colombo Stock Exchange (CSE) under the Listing Rules. This move aims
The Joint Apparel Association Forum Sri Lanka (JAAFSL) is highlighting the significance of trade agreements to enhance the competitiveness of the local apparel sector. According to JAAFSL Secretary General Yohan Lawrence, joining the Regional Comprehensive Economic Partnership (RCEP) could unlock new markets in Japan, South Korea, and Australia for Sri Lanka’s apparel industry. Lawrence noted
The Colombo Stock Exchange (CSE) appears to be heading for a positive year in 2024, mirroring the anticipated improvement in the Sri Lankan economy as a whole. This optimistic outlook is shared by Dilshan Wirasekara, Chairman of the CSE. Wirasekara highlights a significant rise in economic activity, which is now translating into increased activity on
DAILY SHARE TRADING STATISTICS (SUMMARY)