ECONOMYNEXT – Sri Lanka shares were picking up in mid-morning trading on Thursday, as investors anticipated news of the ongoing International Monetary Fund (IMF) review, an analyst said.
“The market is marginally up, looks like investors are keenly anticipating news of the IMF review,” an analyst said.
The main All Share Price Index was up 0.08 percent or 9.04 points to 11,283.37, while the S&P SL20 was also up 0.22 percent or 7.00 points to 3,179.81.
Market turnover was 207 million rupees.
“I believe this round of the IMF review will conclude successfully,” Ranjith Siyambalapitiya said, “the president has been attending the discussions online, and he will be here to attend all meetings in person before the review concludes on September 27.”
Sri Lanka’s President Ranil Wickremesinghe had discussed debt restructuring and economic reforms with the International Monetary Fund Managing Director Kristalina Georgieva yesterday (20), a president’s media statement said.
“In their discussion, they focused on the ongoing reforms in the financial sector and the significant advancements in debt restructuring efforts,” the statement said.
President Wickremesinghe who is in New York attending the United Nations General Assembly sessions, is also meeting various key figures on the sidelines of the main event. (Colombo/Sep21/2023)