Sri Lanka Stock Exchange To Stop Trading For 5 Days From April 18 Amid Deepening Crisis

Securities And Exchange Commission of Sri Lanka has announced on Saturday, April 16, that it is in discussion with the Colombo Stock Exchange to suspend the stock market for five business days effective from April 18, Monday. As the island nation reels under the worst economic crisis since its independence, Colombo Stock Exchange (CSE) was left with no option but to temporarily halt trading.

This would give the investors more timeframe window to plan further, keeping in mind the country’s economic conditions. The order was communicated by board of directors of the Colombo Stock Exchange to the Sri Lanka’s Securities and Exchange Commission (SEC), according to several reports.

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