May 10, 2022
1 min read

Colombo Stock Exchange shut amid unrest

The CSE said in a statement that they had been informed that the Real Time Gross Settlement system of the central bank will not be operated on Tuesday…reports Asian Lite News

Colombo Stock Exchange (CSE) on Tuesday declared a market holiday as a nationwide curfew was imposed due to the violence that ensued the previous night.

The CSE said in a statement that they had been informed that the Real Time Gross Settlement system of the central bank will not be operated on Tuesday, reports Xinhua news agency.

Thus, the Central Depository System of the CSE is unable to complete the fund settlement and the securities settlement falling on Tuesday as per the delivery versus payment settlement mechanism.

“In the circumstances, the CSE has declared Tuesday as a market holiday due to the aforesaid operational reasons,” said the CSE.

At least five people were killed and more than 200 people have been reportedly admitted to the Colombo National Hospital following the violent situation that erupted the hear of the capital city on Monday following clashes between pro and anti-government protesters.

Mahinda Rajapaksa resigned as Prime Minister on Monday as violent protests broke out.

Meanwhile, President Gotabaya Rajapaksa has has urged the opposition to form an all-party government, but the latter has refused to do so until he steps down.

ALSO READ: Chinese contribution to the Sri Lankan financial crisis

Previous Story

‘Lets Do London’

Next Story

Biden signs Ukraine Bill, seeks $40 billion aid

Latest from -Top News

EU, China United on Climate, Split on Rest

Climate pact offers rare unity as trade rifts, Ukraine war, and economic tensions dominate EU-China summitChina and the European Union struck a rare note of unity on climate change Thursday, issuing a

Hungary Pays the Trump Price

Despite his success in wooing Trump’s conservative base, Hungary is among the EU nations most vulnerable to Trump’s incoming tariff blitz Hungary’s populist Prime Minister Viktor Orbán has spent years forging close

Meta Muzzles Election Ads

Meta to Halt Political Ads in EU, Citing Legal Uncertainty Over New Rules Meta, the parent company of Facebook, Instagram, and Threads, announced on Friday that it will suspend all political advertising

Holy War Talk

Russian officials have downplayed the Vatican’s potential role as a mediator, citing its location within NATO-member Italy, which has firmly supported Ukraine throughout the war. In a move that may signal an

Greece Battles Blazes, Heatwave Chaos

With temperatures soaring above 38°C (100°F), and dry, windy conditions prevailing, fires are spreading fast. A wildfire tore through a northern suburb of Athens on Saturday, forcing residents to evacuate as Greece
Go toTop

Don't Miss

World Bank has no plan for new financing to crisis-hit Lanka

Regarding the ongoing crisis, the World Bank Group said it

China’s energy push in Lanka sparks security worries

In addition to Hambantota port, China has invested in hydropower