Trends - Sri Lankan economy - Business Recorder

Sri Lankan economy

Crisis-hit Sri Lanka targets $1.4 billion in tea earnings

COLOMBO: Sri Lanka’s tea industry could earn $1.4 billion this year despite the lowest production in decades and...

Published 04 Nov, 2022 06:19pm

World

Sri Lanka aims to have $2.9bn IMF loan finalised in December

LONDON: Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end,...

Published 23 Sep, 2022 07:40pm

World

Sri Lanka’s ousted president Rajapaksa arrives in Thailand

Sri Lanka’s former President Gotabaya Rajapaksa has arrived in Thailand on Thursday for a temporary stay, according...

Updated 11 Aug, 2022 07:08pm

World

Sri Lanka resumes bailout discussions with IMF, finance ministry says

NEW DELHI: Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout...

Published 29 Jul, 2022 07:40pm

Markets

Sri Lankan shares post third weekly gain

Sri Lankan shares extended gains from the previous session on Friday to post a third weekly rise, helped by strength...

Published 29 Jul, 2022 05:05pm

Markets

Sri Lankan shares end flat, investors await bailout package

Sri Lankan shares ended mostly unchanged on Wednesday, as investors awaited developments over a bailout package for...

Published 27 Jul, 2022 06:07pm

Markets

Bangladesh seeking IMF loan but economy not in trouble: finance minister

DHAKA: Bangladesh has asked the International Monetary Fund (IMF) to start negotiations for a loan, the finance...

Published 27 Jul, 2022 11:33am

World

Shortages leave bankrupt Sri Lanka’s hospitals empty

COLOMBO: Entire wards are dark and nearly empty in Sri Lanka’s largest hospital, its few remaining patients leaving...

Published 26 Jul, 2022 10:50am

Markets

Sri Lanka to restrict fuel imports for next 12 months

COLOMBO: Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign...

Published 25 Jul, 2022 07:19pm

World

Sri Lanka asks China for help with trade, investment and tourism

BEIJING: Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s...

Published 25 Jul, 2022 07:04pm

Markets

Sri Lankan shares close lower as industrials fall

Sri Lankan shares extended losses from the previous session to end more than 1% lower on Monday, weighed down by...

Published 25 Jul, 2022 06:17pm

World

Rights group seeks arrest of former Sri Lanka president Rajapaksa in Singapore

COLOMBO: A rights group documenting alleged abuses in Sri Lanka has filed a criminal complaint with Singapore’s...

Published 24 Jul, 2022 04:53pm

World

Sri Lankan security forces raid protest camp as new leaders sworn in

COLOMBO: Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in...

Published 22 Jul, 2022 08:04pm

World

China's Xi offers Sri Lanka's new president support amid crisis

BEIJING: Chinese President Xi Jinping offered Sri Lanka's new president his support on Friday, state broadcaster ...

Published 22 Jul, 2022 05:33pm

Markets

Sri Lankan shares inch lower; security forces raid protest camp

Sri Lankan shares ended lower on Friday, snapping five sessions of gains, while security forces raided a protest...

Published 22 Jul, 2022 04:49pm

World

Sri Lanka’s new president to appoint ally of ousted Rajapaksa as PM

COLOMBO: New Sri Lankan President Ranil Wickremesinghe will appoint an ally of the ousted Rajapaksa dynasty as prime...

Published 21 Jul, 2022 08:05pm

Markets

Sri Lankan shares inch up after Wickremesinghe sworn in as president

Sri Lankan shares ended higher for the fifth straight session on Thursday, hours after Ranil Wickremesinghe was...

Published 21 Jul, 2022 04:51pm

Markets

Sri Lankan shares end up, Wickremesinghe voted president

Sri Lankan shares closed higher on Wednesday, hours after the country’s lawmakers voted in Ranil Wickremesinghe as...

Published 20 Jul, 2022 04:18pm

Markets

India to invest more in Sri Lanka after crisis support of $3.8bn

NEW DELHI: India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion...

Updated 19 Jul, 2022 03:14pm

Markets

Sri Lankan shares end higher on industrial boost

Sri Lankan shares settled higher on Wednesday after two straight sessions of losses, supported by gains in...

Published 29 Jun, 2022 06:04pm

Business & Finance

Bankrupt Sri Lanka economy shrinks 1.6% in first quarter

COLOMBO: Sri Lanka's economy shrank 1.6 percent in the first quarter of this year as an unprecedented financial...

Published 29 Jun, 2022 01:22pm

Markets

Sri Lankan shares fall as fuel shortage worsens

Sri Lankan shares fell over 2% on Monday, dragged down by industrials and consumer staples, as the country faced...

Published 27 Jun, 2022 07:25pm

World

Crisis-hit Sri Lanka just days from running out of fuel

COLOMBO: Sri Lanka expects to run out of fuel in days, prompting the government to close schools in Colombo and...

Published 27 Jun, 2022 06:45pm

Markets

Sri Lankan shares post weekly gain as industrials, financials rise

Sri Lankan shares extended gains to a fourth straight session on Friday and posted a weekly rise on the back of...

Published 24 Jun, 2022 05:54pm

World

Sri Lanka May consumer prices soar 45.3% y/y, highest since 2015

COLOMBO: Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and...

Published 21 Jun, 2022 05:06pm

Markets

Sri Lankan shares fall for fifth straight day with focus on IMF bailout talks

Sri Lankan shares closed lower for a fifth straight session on Monday on weakness in consumer stocks, with gains in...

Published 20 Jun, 2022 06:20pm

Markets

Sri Lankan shares post worst week in seven as economic crisis deepens

Sri Lankan shares retreated 3% on Friday to record their biggest weekly decline since late April, dragged down by...

Published 17 Jun, 2022 05:49pm

Markets

Sri Lanka left with fuel stocks for around five days, minister says

COLOMBO: Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday,...

Published 16 Jun, 2022 04:36pm

World

Sri Lanka risks full-blown humanitarian emergency, UN agency says

GENEVA: Sri Lanka is at risk of tipping into a full-blown humanitarian crisis as the country's economy suffers its...

Updated 10 Jun, 2022 06:34pm

World

IMF plans in-person Sri Lanka mission in coming weeks for policy talks

LONDON: The International Monetary Fund (IMF) is planning a staff-level mission in the coming weeks to Sri Lanka “to...

Published 09 Jun, 2022 08:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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