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GETTING STARTED

To start trading in Colombo Stock Exchange, you need to open a CDS account with us. Once you have setup your account, you can then place share trades with your investment advisor who will execute it on your behalf or you can directly place orders thorough our online trading platforms.

OPEN AN ACCOUNT

Foreign ownership in shares

Issuance of shares by resident companies to foreign investors (non-residents) is permitted without prior approval of the Exchange Control Department. In the areas of investment, movement of funds of such transactions will be through a scheme of account titled, “Securities Investment Account” (SIA).

Permission has been granted for the issue and transfer of shares in a company up to 100% of the issued capital of such company, to approved country funds, approved regional funds, corporate bodies incorporated outside Sri Lanka and individuals resident outside Sri Lanka (inclusive of Sri Lankans resident outside Sri Lanka) subject to the certain exclusions, limitations and conditions.

Exclusions:

The permission granted shall not apply in respect of shares of a company proposing to carry on or carrying on any of the following businesses:

Money lending other than the business of providing of credits to investors to purchase securities of a listed company by a company registered as a margin provider in terms of Section 19(A) of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1981 as amended, Pawn broking, Retail trade with a capital of less than One Million US Dollars, Coastal fishing, Provision of Security services including security management, assessment and consulting to individuals or private organizations.

Limitations:

(a) The permission granted shall apply in respect of shares in a company carrying on or proposing to carry on any of the following businesses only up to 40% of the issued capital of such company, or if approval has been granted by the Board of Investment of Sri Lanka for a higher percentage of foreign investment in any company, only up to such higher percentage. Production of goods where Sri Lanka’s exports are subject to internationally determined quota restrictions; Growing and primary processing of tea, rubber, coconut, cocoa, rice, sugar and spices; Mining and primary processing of non-renewable national resources; Timber based industries using local timber; Fishing (deep sea fishing); Mass communications; Education; Freight forwarding; Travel agencies; Shipping agencies.

(b) The permission granted shall apply in respect of shares of a company carrying on or proposing to carry on any of the businesses set out below only up to the percentage of the issued capital of the company for which percentage either general or special approval has been granted by the Government of Sri Lanka or any legal or administrative authority set up for the approval of foreign investment in such businesses. Air transportation; Coastal shipping; Industrial undertaking in the Second Schedule of the Industrial Promotion Act, No.46 of 1990, namely- any industry manufacturing arms, ammunitions, explosives, military vehicles and equipment aircraft and other military hardware; any industry manufacturing poisons, narcotics, alcohols, dangerous drugs and toxic, hazardous or carcinogenic materials; any industry producing currency, coins or security documents; Large scale mechanized mining of gems; Lotteries.

Conditions:

  • A person resident outside Sri Lanka who is a party to a transaction permitted must make a declaration to the effect that such person is resident outside Sri Lanka on the share transfer form or share application form as applicable.
  • The payment for shares in any issue or transaction permitted should be made only out of or into a SIA opened in a commercial bank of Sri Lanka in accordance with directions given by the Controller of Exchange in that behalf to commercial banks.
  • A commercial bank, a licensed stock broker or any other person entrusted with the payment of capital monies such as sale proceeds of shares, dividends and commissions in respect of any transaction permitted shall make such payment only into or out of a SIA referred to in sub paragraph (b) above.
  • The Secretary/ Registrar to a company in which the issue or transfer of shares to persons resident outside Sri Lanka are limited under ‘limitations’ shall not register the name of any person resident outside Sri Lanka or a citizen of a foreign State or their nominee as a shareholder in such company if by such registration the limits specified shall be exceeded.
  • Issuance of shares by resident companies to foreign investors (non-residents) is permitted without prior approval of the Exchange Control Department. In the areas of investment, movement of funds of such transactions will be through a scheme of account titled, “Securities Investment Account” (SIA).
Updated as at : 27th Mar 2017
Daily Market Statistics
  Today Previous Change %
ASPI

5,996

5,980 0.3%
S&P SL 20 3,417 3,412 0.1%

Turnover (LKR mn)

1,919 616 211.3%
Market Cap (LKR bn) 2,633 2,626 0.3%
Net Foreign Inflow (LKR mn) 551 194  -
Market PE (x)

9.0

9.0  -

 

 

 

 

CSE Statistics
  YTD 2016 2015
Return on ASPI

-3.7%

-9.7% -5.5%
Net foreign inflow (LKR mn) 3,654 1,953 (5,370)

 

 

Exchange Rates
Currency   Buying (Rs.) Selling (Rs.)
Dollar (USA)  

149.95

153.80

Pound (UK)   186.54 192.99
Euro (EU)   160.42 166.62
Yen (Japan)   1.3403 1.3918
Dollar (Australia)  

113.26

118.38
Dollar (Singapore)   106.55 110.50
Rupee (India)  

2.3161

 
Treasury Bill Rates
  This Week Previous Week Change(bps)
3M

9.57%

9.47% 10.0
6M 10.46% 10.39% 7.0
12M 10.82% 10.74% 8.0
Inflation Rate

 

 

Economy