Colombo bourse hails 2018 budget 

10 November 2017 - 217   - 0

Share prices in the Colombo stock market were up in early trades on Friday morning owing to positive sentiment over the 2018 national budget delivered on Thursday by Finance Minister Mangala Samaraweera.  The All Share Index was up by 0.09 per cent at 6,573.23 by 11 am with the Milanka Index up by 0.97 to 3,721.23.  

The coalition Government’s third budget stayed true to the Government’s Economic Development Plan ‘Vision 2025’ and thus far has been the most consistent with the Government’s long term economic policy, an analyst said. 

The most salient proposal was to develop the capital market with the pledge of listing of the two major state banks - People's Bank and Bank of Ceylon. (DE)

  Comments - 0

  • Leave a comment

Top Stories

Facebook announces new policy to remove misinformation that could lead to violence

Facebook on Wednesday announced a new policy for removing misinformation, including altered imagery, from the platform that is intended to cause or...

19 July 2018 - Views : 5

Paisley to address Commons over paid Sri Lanka holidays

19 July 2018

Ward Place closed for traffic due to protest

18 July 2018

EU warns Sri Lanka losing GSP Plus status over reintroducing death penalty

18 July 2018



Features & Analysis

Cricketers pay a visit to the Apeksha (Cancer) Hospital in Maharagama

Sri Lanka Cricket (SLC) donated medicines worth Rs. 1 million to the Apeksha (Cancer) Hospital in Maharagama last eve...

“Disrupt Asia 2018” set to ignite Sri Lanka’s start-up landscape

Disrupt Asia 2018, the 3rd edition of Sri Lanka's Premier Start-up Conference and Innovation Festival, is set to ...

When Nigella was in Colombo

Eager fans of British TV chef and author Nigella Lawson seized the opportunity to get up close and personal with thei...

Govt. of India scholarship holder G.V.A Chamindira Nawanjali to perform at Indian Cultural Centre

Swami Vivekananda Cultural Centre, High Commission of India, Colombo will be presenting Hindustani violin recital by ...