header logo
සිංහලதமிழ்
SLIC
Rhythms of Lanka
Latest
Sri Lanka stocks fall due to Middle East crisis
Jan 08, 202004:08 PM
Google NewsAdd on Google
Sri Lanka stocks fall due to Middle East crisis
Mobitel Inner

Sri Lanka’s stock market indices fell significantly on Wednesday due to rising tension in the Middle East.

 

The All Share Price Index (ASPI) was down by 2.11% while the Standard & Poor’s Sri Lanka 20 (S&P SL20) dropped by 2.64%.

 

Both indices fell on Wednesday after Iran fired rockets at military bases in Iraq hosting United States forces, raising the prospect of a regional conflagration that could disrupt oil supplies.

 

The US military said on Tuesday that Tehran fired more than a dozen rockets from Iranian territory against at least two Iraqi military bases hosting US-led coalition personnel.

 

The attacks follow the US killing of Iranian military commander Qassem Soleimani in Iraq last week. Iran had promised a severe response.

 

-With inputs from agencies

 

 

 

MostRead
Mobitel Upahara
VideoStories
Sri Lanka suspended executions in 1975; Will President Anura Kumara sign an execution order?

Sri Lanka suspended executions in 1975; Will President Anura Kumara sign an execution order?

Lanka Metro Transit to roll out 112 more low-floor buses in September

Lanka Metro Transit to roll out 112 more low-floor buses in September

SLPP General Secretary Sagara Kariyawasam released on bail Court imposes foreign travel ban

SLPP General Secretary Sagara Kariyawasam released on bail Court imposes foreign travel ban

“This is nothing but a dishonest move” Fresh debate over proposal to extend judges’ retirement age

“This is nothing but a dishonest move” Fresh debate over proposal to extend judges’ retirement age

Cardinal opposes death penalty; Colombo Archdiocese reaffirms support for Easter Sunday victims

Cardinal opposes death penalty; Colombo Archdiocese reaffirms support for Easter Sunday victims

“Is this really the country’s biggest problem?” Sajith questions judges’ retirement age proposal

“Is this really the country’s biggest problem?” Sajith questions judges’ retirement age proposal

Govt. defends 22A draft gazette Opposition says govt. demonstrating a dictatorial approach

Govt. defends 22A draft gazette Opposition says govt. demonstrating a dictatorial approach

“I stayed on until tariff was brought down” Mahinda Samarasinghe rules out return to active politics

“I stayed on until tariff was brought down” Mahinda Samarasinghe rules out return to active politics

Colourful giants take over Colombo Sky! Derana–Signal International Kite Festival held at Galle Face

Colourful giants take over Colombo Sky! Derana–Signal International Kite Festival held at Galle Face

Security heightened at Kuruwita Prison following deadly inmate clashes

Security heightened at Kuruwita Prison following deadly inmate clashes

Over 200 vehicles participate in 'Derana-Signal Colombo International Kite Festival' promo parade

Over 200 vehicles participate in 'Derana-Signal Colombo International Kite Festival' promo parade

'Independent Operations Centre members meet Malwatu chief prelate over proposed judicial amendments

'Independent Operations Centre members meet Malwatu chief prelate over proposed judicial amendments

Government deceived the public through false pledges – MP Dilith Jayaweera

Government deceived the public through false pledges – MP Dilith Jayaweera

UNP warns proposed extension of judges' retirement age risks sparking youth unrest

UNP warns proposed extension of judges' retirement age risks sparking youth unrest

Adverse weather claims eight lives, affects over 16,000 people islandwide

Adverse weather claims eight lives, affects over 16,000 people islandwide

Lassana Flora