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Colombo: The Colombo Stock Exchange has been announced to be closed for 5 days from the 18th due to the economic crisis in Sri Lanka.
Following the shortage of foreign exchange in Sri Lanka, the country was plunged into a severe economic crisis. The prices of essential commodities have risen to an all-time high. People have been suffering from power outages for hours. There is a shortage of petrol and diesel. The people of the country have been protesting, urging Gotabhaya to step down as president. The country’s stock market has also been plummeting for several hours due to the economic crisis.
In this context, the Colombo Stock Exchange has announced that the Colombo Stock Exchange will be closed from April 18 to 22 following an order by the Stock Exchange of Sri Lanka to suspend the Colombo Stock Exchange next week to give investors time to adjust to the economic situation in Sri Lanka.