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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.
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
[citation needed] SAFE consists of 17 exchanges from India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan. Its primary objectives are to encourage cooperation among its members to promote the development of their individual securities markets, to develop an integrated regional stock trading system, and to offer to list and trade securities ...
The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange.
In 2009 the company was acquired by the UAE-based Onyx Group which is owned by the Sri Lankan businessperson Sri Lanka Investment Corporation and re-branded as "Ceylon Steel" Corporation Limited. [5] [6] On 2020 Lanwa Sanstha announced they plan to build massive cement corporation under the name of Lanwa Sanstha Cement Corporation. The company ...
Sri Lanka: 23 September 2024 [a] [4] [2] Minister of Defence: 24 September 2024 [a] Minister of Finance, Planning and Economic Development: 24 September 2024 [a] Minister of Digital Economy: 18 November 2024: Harini Amarasuriya: National People's Power: Prime Minister: Colombo: 24 September 2024 [a] Minister of Education, Higher Education and ...
China paid Ceylon Rs. 1.74 per pound of rubber, whereas the average world market price was Rs. 1.05 per pound. This premium varied with every five-year agreement. The handling charge, which was fixed at five cents per pound, also varied in subsequent years. China also agreed to supply rice to Sri Lanka below market prices, at £54 or Rs. 720 ...
Sri Lankan Government's state-owned enterprise Ceylon Tyre Corporation was privatised as Kelani Tyres (Pvt) Ltd in 1992. [2] The privatisation yielded LKR400 million for the government, and 2,000 workers were working at the factory at the time. [3] Soon after the privatisation, the company plagued with industrial unrest for seven months. The ...