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Sri Lankan crisis

Sri Lanka inflation doubles ahead of debt deal

COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 percent in November, the statistics office said Thursday, a...

Published 30 Nov, 2023 06:01pm

Markets

Sri Lanka shares end lower weighed by material, consumer discretionary stocks

CSE All Share index settled down 0.27% at 10,452.22

Published 28 Nov, 2023 08:21pm

World

Sri Lanka needs $100bn to become net zero emitter by 2040, president says

COLOMBO: Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on...

Published 28 Nov, 2023 08:16pm

World

Sri Lanka approves Sinopec’s $4.5bn refinery proposal

COLOMBO: Sri Lanka on Monday approved a proposal by China’s Sinopec to build a $4.5 billion refinery, its energy...

Published 27 Nov, 2023 05:49pm

World

Sri Lanka’s top court says ex-president among those who contributed to economic crisis

COLOMBO: Sri Lanka’s top court ruled on Tuesday that former President Gotabaya Rajapaksa and his brother, former...

Published 14 Nov, 2023 06:23pm

Business & Finance

Sri Lanka resumes rate cuts to boost growth as inflation cools

COLOMBO: Sri Lanka’s central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks...

Published 05 Oct, 2023 10:00am

World

Sri Lankan economy to see growth next year after 3.8% contraction, says World Bank

COLOMBO: Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in 2023...

Published 03 Oct, 2023 12:10pm

Markets

Sri Lankan shares end higher buoyed by financials, consumer staples

Sri Lankan shares closed higher on Monday, helped by financial and consumer staple stocks. The CSE All Share index...

Published 12 Jun, 2023 04:57pm

World

Sri Lanka lifts import limits on 286 items as crisis eases

COLOMBO: Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the...

Published 10 Jun, 2023 02:09pm

World

Sri Lanka eyes free trade pact with Thailand by March as growth in focus

COLOMBO: Sri Lanka and Thailand could sign a free trade agreement (FTA) by March, a top official of the Indian Ocean...

Published 07 Jun, 2023 05:15pm

World

Debt-ridden Sri Lanka gets $350mn loan boost from Asian Development Bank

COLOMBO: The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide...

Published 29 May, 2023 02:01pm

Pakistan

Pakistan among record number of developing countries facing a debt crisis

Record number of developing nations at risk of crisis will be high on the agenda next week for the World Bank Group and IMF spring meetings

Published 06 Apr, 2023 12:37pm

Business & Finance

Sri Lanka central bank holds rates to temper inflation

COLOMBO: Sri Lanka’s central bank kept its interest rates unchanged on Tuesday in the face of stubbornly high...

Published 04 Apr, 2023 05:21pm

Markets

Sri Lankan shares end lower as communication services, consumer discretionary weigh

Sri Lankan shares closed lower on Monday, dragged down by losses in communication services and consumer...

Published 03 Apr, 2023 04:38pm

World

Sri Lanka expects to finalise domestic debt rework by May

LONDON/COLOMBO: Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it...

Published 30 Mar, 2023 08:31pm

World

Sri Lanka’s economy shrinks 7.8% in 2022

COLOMBO: Sri Lanka’s economy shrank 7.8% in 2022 from a year ago, government data showed on Wednesday, as the...

Published 15 Mar, 2023 05:23pm

World

Sri Lanka president says no side arrangements with any creditor

COLOMBO: Sri Lanka will not make side arrangements with any of its bilateral or commercial creditors to reduce the...

Published 14 Mar, 2023 08:43pm

Markets

Sri Lanka raises far less than targeted from bond sale

COLOMBO: The Sri Lankan government raised 110.44 billion rupees through a bond sale on Monday, far short of its 180...

Published 13 Mar, 2023 06:07pm

World

Sri Lanka’s growth to shrink by 3% in 2023, rebound in 2024: Moody’s

COLOMBO: Sri Lanka’s growth is expected to shrink by 3% this year, Moody’s Investors Service said on Monday as the...

Published 13 Mar, 2023 06:03pm

World

IMF board poised to approve $2.9bn Sri Lanka bailout on March 20

WASHINGTON: The International Monetary Fund (IMF) on Tuesday said Sri Lanka has secured financing assurances from...

Published 07 Mar, 2023 07:08pm

World

Sri Lanka’s rate hike shows commitment to rapid disinflation: IMF

COLOMBO: Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing...

Updated 04 Mar, 2023 03:30pm

World

Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements

COLOMBO: Sri Lanka’s central bank raised interest rates in an unexpected move on Friday in a bid to help the country...

Published 03 Mar, 2023 06:44pm

World

Sri Lanka flags return to growth, protesters demand tax cuts

COLOMBO: Sri Lanka’s economy is expected to grow again from the end of this year and the government hopes the...

Published 08 Feb, 2023 05:00pm

World

Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks

COLOMBO: Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore...

Published 12 Jan, 2023 06:38pm

World

Bankrupt Sri Lanka says treasury running dry, cuts spending

COLOMBO: Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough...

Published 10 Jan, 2023 04:26pm

World

Bankrupt Sri Lanka clears budget as IMF bailout delays

COLOMBO: Crisis-hit Sri Lanka’s parliament Thursday approved President Ranil Wickremesinghe’s 2023 budget, vital to...

Published 08 Dec, 2022 08:11pm

World

Sri Lanka postpones debt restructuring talks, hopes for IMF deal in Dec

COLOMBO: Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to...

Published 17 Nov, 2022 05:54pm

World

Sri Lanka’s ousted president Rajapaksa arrives in Thailand

Sri Lanka’s former President Gotabaya Rajapaksa has arrived in Thailand on Thursday for a temporary stay, according...

Updated 11 Aug, 2022 07:08pm

World

Sri Lanka resumes bailout discussions with IMF, finance ministry says

NEW DELHI: Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout...

Published 29 Jul, 2022 07:40pm

World

Sri Lankan President Rajapaksa’s resignation letter to be flown in from Singapore

COLOMBO: Sri Lankan President Gotabaya Rajapaksa’s original resignation letter will be flown into Colombo from...

Published 14 Jul, 2022 08:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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