Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka stock market is expected to response to the IMF second tranche delay on Monday

Stock MarketOct 1, 2023
Sri Lanka stock market is expected to response to the IMF second tranche delay on Monday

Sri Lanka stocks ended the 3rd quarter as the best quarter for this year. Index up by 20% during this quarter against 9%, 2% in previous quarters 1st & 2nd. Daily average turnover picked up to LKR 2.8Bn against LKR 1.9Bn, and LKR 1.0Bn in previous quarters. But interestingly the majority of the gains were generated in July.

Sri Lanka secured the IMF USD 3Bn bail-out package on 20th March 2023 and started restructuring domestic debt in July. It managed to complete the domestic debt restructuring by the 21st of September 2023. But IMF delayed offering the second tranche of the loan on 27th September.

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