Colombo Stock Exchange to remain shut for 5 days as Sri Lanka struggles to combat forex crisis
India TodayThe Colombo Stock Exchange will remain temporarily closed for a week from Monday to provide investors an opportunity to have "more clarity and understanding" of the current economic conditions in crisis-hit Sri Lanka that would help them "to make informed investment decisions," it was announced on Saturday. "The stock market will remain temporarily closed for a period of five business days from April 18, 2022," the Securities and Exchange Commission of Sri Lanka said in a press release. The Board of Directors of the Colombo Stock Exchange in a communication on Friday called upon the SEC to temporarily close the stock market citing the present situation in the country, the release said. Therefore, acting in terms of the relevant provisions, the SEC decided to direct the CSE to temporarily close the stock market for a period of five business days commencing from April 18, it said.
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