Sharp growth recorded from Colombo Stock Exchange

Staff Writer

Sri Lankan shares gained for a second straight session with the index touching its technical resistance level of 6,000 points.

The Colombo Stock Exchange showed a decrease during the last year and the values in the past seven months alone decreased by 21 percent or 1600 points.

For the first time in two years the stock market values reached the lowest value below 6000 points.

However, today the market showed an increase of 71 points or 1.2 percent.

Recently, the prime minister made a statement in parliament that a tax on profit for the CSE will be introduced, and market experts state that the stock exchange would further decline if this was imposed.