Colombo Stock Exchange
| Colombo Stock Exchange | |
|---|---|
| legal form | Private |
| founding | 1985 |
| Seat |
Colombo , Sri Lanka
|
| Website | www.cse.lk |
The Colombo Stock Exchange (CSE) ( Singhala : කොළඹ කොළඹ කොටස්; Tamil : கொழும்பு கொழும்பு பங்கு) is the main stock exchange of Sri Lanka . Its main building is located in the World Trade Center Colombo and it offers an electronic trading platform. As of August 3, 2018, the CSE had 298 companies from 20 branches of industry. The two main indices are the All Share Price Index and the S&P Sri Lanka 20 Index.
history
Stock trading in Sri Lanka was initiated by the Share Brokers Association (SBA) in 1896. In 1904, SBA was renamed the Colombo Brokers' Association. A competitor later developed, the Stock Brokers Association. In 1985 the Colombo Brokers' Association merged with the Stock Brokers Association.
A formal exchange was established in 1985 with the establishment of the Colombo Securities Exchange (CSE). In 1990 the exchange was renamed the Colombo Stock Exchange. The CSE introduced the central depository system and clearing was thereby automated. In 1995 the CSE headquarters was opened in the World Trade Center in Colombo. In 1998 the exchange joined the World Federation of Exchanges .
The internationalization and growth of the stock exchange was long prevented by the civil war in Sri Lanka . After the end of the civil war in Sri Lanka on May 18, 2009, the CSE indices rose rapidly and set new records.
Individual evidence
- ↑ CSE - Colombo Stock Exchange. Retrieved December 25, 2019 .
- ↑ UPDATE 1-Sri Lanka stocks at fresh peak after doubling in 2009 . In: Reuters . January 4, 2010 ( reuters.com [accessed December 25, 2019]).