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L G Hawkins and Company Limited was founded by Leonard George Hawkins in 1913 and manufactured home appliances. [9] [10] The company was initially known as Pressure Cookers and Appliances Ltd and manufactured and marketed of Hawkins pressure cooker under agreement with L G Hawkins & Co Ltd of England. In 1986, the company acquired the present name.
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.
A stovetop pressure cooker. A pressure cooker is a sealed vessel for cooking food with the use of high pressure steam and water or a water-based liquid, a process called pressure cooking. The high pressure limits boiling and creates higher temperatures not possible at lower pressures, allowing food to be cooked faster than at normal pressure.
Colombo, Sri Lanka: Founded: 1896; 129 years ago () (as Share Brokers Association) 1985; 40 years ago () (as Colombo Stock Exchange) Key people: Dumith Fernando Rajiva Bandaranaike : Currency: LKR: No. of listings: 296 companies representing 19 business sectors (as at 31 October 2021) Market cap: Rs 5,489 billion (2021) [1] Indices
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result. [3]
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
Lanka Sathosa also known as Sathosa is a wholesale and retail chain located in Sri Lanka. It is considered to be the largest state-owned retail chain in the country and was established in 2005. [ 1 ] Sathosa was incorporated as a state-owned enterprise under Companies Act no 7 of 2007 and it is regulated by the Ministry of Trade, Commerce ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]