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It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
The election signified a major political realignment in Sri Lanka. [10] Dissanayake's victory was the first time a third-party candidate was elected president. This was also the first election where neither of the top two candidates were endorsed by the United National Party or the Sri Lanka Freedom Party.
The earliest examples of irrigation works in Sri Lanka date from about 430 BCE, during the reign of King Pandukabhaya, and were under continuous development for the next thousand years. In addition to constructing underground canals , the Sinhalese were the first to build completely artificial reservoirs to store water , referred to as tanks ...
The main aim of local police in dealing with cannabis has been to target vendors who sell to minors or have positioned themselves near minors (such as at a school). Possession of less than 5 kg of cannabis is treated as a minor crime, with fines or short jail sentences. Sri Lanka's Prison System actively tries to rehabilitate drug users. [5]
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
Smith will lead Australia in their three-match series against Sri Lanka, which takes place across January and February, having last captained the side in March 2018.
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