Markets rallied 6.1% on a week on week basis.
Markets posted strong gains during the week as the All share Index rallied 6.1% on a week on week basis. Buying interest was seen across the board on the back of good volumes. The All share Index gained 316 points over the week to close at 5496.85.
Sri Lanka USD 460mn tower by India’s Krrish group
India’ Krrish group, which has interests in alcohol and real estate is in a deal with Sri Lanka to build a USD 460mon tower with land leased from the state.
Sri Lanka refinery shut after off-shore pipeline damage
SL’s Ceylon Petroleum Corporation informed that its refinery was shut down after an off-shore pipeline was damaged.
Sri Lanka expects to commission 24MW power plant in Jaffna
A 24MW heavy fuel oil fired power plant is expected to be connected to boost supply to the Jaffna peninsula by January 2013, as per the power ministry.
First-ever gold multinational enters Sri Lanka with USD 50mn investment
“Pure Gold”, the reputed and award winning multinational jeweller based in Dubai, has arrived in SL with an initial investment of USD 50mn.
According to sources at the Consumer Affairs Authority (CAA), large-scale importers of cement have requested for price increases. The percentage increase demanded how-ever is not confirmed.
Treasury Yields Rise at last Auction
- 3 months bills rose to 11.44% (up 3 basis points).
- 6 Months bills rose to 13.12% (up 5 basis points).
- 12 month bills rose to 13.36% (up 5 basis points).