South Asian Business news and information

Share market of any country is closely related to the political condition of that country. If a country has political stability then its stock exchange does not become weak very easily. Unfortunately, Sri Lanka does not have political stability. This country is plagued with civil war for many years. There is growing attack from Tamil Tiger in the last few days and this has caused a continuous decline in the share market.

Lanka Everything wrote:

The Colombo All Share index fell 0.04 percent or 0.93 points to 2,562.86, its eighth decline in nine sessions. It has fallen around 3 percent since the close on Nov. 15.

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\"There were some retail buying in the plantation sector,\" said Harsha Fernando, CEO at SC Securities in Colombo, but many investors were on the sidelines worried about uncertainties. Leading fixed line telephone operator Sri Lanka Telecom fell 0.75 percent to 32.50 rupees as calculated on a weighted average, while No. 1 mobile phone company, Dialog Telekom , which accounts for around a fifth of the market, closed unchanged at 21.50 rupees.

 
This is bad news for Sri Lankan investors. Well, everyone in Sri Lanka wishes to see a peaceful solution to the on going civil war but it seems that peace remains to be elusive for the people of Sri Lanka.

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