The Securities And Exchange Commission of Sri Lanka said on Saturday it was directing the Colombo Stock Exchange to suspend the stock market for five business days from Monday.
The board of directors of the Colombo Stock Exchange called upon Sri Lanka's Securities and Exchange Commission (SEC) to temporarily close the stock market citing the present situation in the country, the securities regulator said in a statement on its website on Saturday.
"Many other stakeholders of the securities market, including the Colombo Stock Brokers Association, have also sought the temporary closure of the market on the same grounds," the SEC said.
