Colombo Stock Exchange sets up Jaffna branch

Last Updated: Sunday, May 2, 2010 - 14:57

Colombo: Amid much fanfare among business communities in North Sri Lanka, the Colombo Stock Exchange opened its branch in Jaffna city last week, following the end of the three-decade ethnic war last year.

Inaugurating the bourse, CSE chairman Nihar Fonseka said everyone was keen that the North should also share the peace dividend following the end of the conflict.

"After the opening there have been many new investors and this is very encouraging," Fonseka said.

Securities and Exchange Commission of Sri Lanka (SEC) chairman Udayasri Kariyawasam, along with the CEOs of stock broking firms were also present at the inauguration.

Six stockbroking firms-- Bartleet Mallory Stockbrokers (Pvt) Ltd, Asha Phillip Securities Ltd, Lanka Securities (Pvt) Ltd, Capital TRUST Securities (Pvt) Ltd, SKM Lanka Holdings (Pvt) Ltd, and SMB Securities (Pvt) Ltd-- commenced operations at the CSE Jaffna branch.

CSE Business Development Manager Thushara Jayaratne said the opening of the new branch was something the Jaffna business community had been requesting for a long time.

The CSE branch in Jaffna will also be instrumental in conducting continuous educational programmes in the region.

This is to equip investors in Jaffna and the Northern Province with the necessary knowledge to participate actively and prudently in share trading, it said.

The CSE was named as the second best performing stock market globally for 2009.

PTI



First Published: Sunday, May 2, 2010 - 14:57

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