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Sri Lanka stock exchange to open branch in Jaffna
Sun, Apr 25, 2010, 10:06 am SL Time, ColomboPage News Desk, Sri Lanka.
Apr 25, Colombo: Responding to the demand from the business community in Jaffna, Sri Lanka's main Colombo Stock Exchange (CSE) is planning to open a branch in Jaffna soon.
The Chairman of Securities and Exchange Commission Udayashri Kariyawasam participating in a radio program on Sunday said necessary measures are currently being taken and the details will be released in near future.
The CSE official said investing in the Colombo's stock market is an ideal choice to get maximum return for the investment at this moment.
The bourse reached record highs consecutively during the last week trading. It has gained nearly 22 percent so far this year becoming the second best market in Asia.
According to Bloomberg news service, Colombo Stock Exchange was the 2nd best performing stock market in the world in 2009.
Kariyawasam said many investors have shown interest in stock market at this moment as the country is recovering from the devastating war. The low inflation rate and the low interest rates are good indicators of the progress in the country, he pointed out.
CSE presently operates four branches in the Southern (Matara), Central (Kandy), North Western (Kurunegala) and the Western (Negombo) provinces.
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