The Colombo Stock Exchange (CSE) will be closed for a period of one week effective from next Monday (18).
The decision has been taken in consideration of a request made by the CSE Board of Directors to the Securities and Exchange Commission (SEC).
A number of parties involved in the stock market including the Colombo Stock Brokers Association have also made the request to close the CSE amidst the current economic situation.
Sri Lanka officially announced a debt default on April 12, which most parties defined as an unofficial declaration of the island nation being bankrupt.
MIAP
