Sri Lanka blasts: Colombo stock exchange closed today after bomb attacks; key things to know

The Colombo Stock Exchange (CSE) has 298 companies representing 20 business sectors.

After bomb blasts rocked Sri Lanka on Easter Sunday, killing nearly 200 people and leaving about 450 severely wounded, Colombo Stock Exchange announced that the CSE will remain closed on April 22nd. “The Colombo Stock Exchange (CSE), in consultation with the Securities & Exchange Commission of Sri Lanka (SEC), announces that the CSE will not open for trading at the regular time on Monday April 22, 2019,” the only bourse in Sri Lanka said in a press release. Notably, the regular time or market open is 9.30 am.

It remains to be seen for how long the bourse will remain closed, as a further communication will follow, with regard to the resumption of trading. The decision to close the exchange comes after a curfew was imposed in the country on Sunday, following the attacks The exchange said that it has considered the unique circumstances of the tragic events and wishes to place primary emphasis on the safety and security of its people and market participants, and the constraints imposed on their mobility.

The All Share Price Index closed at 5,606.35, up 0.05% on Friday, while S&P SL 20 closed 0.2% lower at 2,710.27. The Colombo Stock Exchange (CSE) has 298 companies representing 20 business sectors. As at 31st December 2018, the market capitalisation of the Colombo Stock Exchange stood at Rs 2,839.45 billion (Sri Lankan Rupee). One Sri Lankan Rupee equals about 40 paise in Indian currency.

At least six Indians have been killed in a string of eight powerful blasts, including suicide attacks, which struck three churches and luxury hotels frequented by foreigners in Sri Lanka on Easter Sunday, PTI reported officials as saying.

On Sunday morning, suicide bombers detonated explosive devices at three luxury hotels and three Christian churches. A few hours later, two more explosions were reported near the capital city of Colombo. The places attacked were St Anthony’s shrine, Kochchikade, Shangri-La Hotel, Cinnamon Grand Hotel and Kingsbury Hotel, New Tropical Inn, Dematagoda area.

Meanwhile, the US state department said in a revised travel advisory that ‘terrorist groups’ were continuing to plot possible attacks in Sri Lanka, Reuters reported. “Terrorists may attack with little or no warning,” it said in the revised warning. It said possible targets included tourist locations, transportation hubs, shopping malls, hotels, places of worship, airports and other public areas.

[“source=financialexpress”]

Author: Lili