The Governor of the Central Bank, Nivard Cabraal, will be the guest of honor at the “Invest Sri Lanka Forum” in Dubai on November 5th organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka
| Governor of the Central Bank
Nivard Cabraal |
(SECOND). The upcoming event is the first overseas capital market tour since the new government took office.
CSE Members and Business Members, Sri Lanka Embassy in Abu Dhabi and Sri Lankan Consulate General in Dubai and Northern Emirates join event at Sheraton Grand Hotel Dubai to promote investment on the Sri Lankan capital market in Dubai, United States Arab Emirates.
Sri Lanka High Commissioner to the United Arab Emirates Malraj De Silva, SEC Chairman Viraj Dayaratne PC and CSE Chairman Dumith Fernando will also address the forum outside Cabraal. All will also appear in a round table.
The forum includes technical sessions, which will cover market outlook by CTCLSA’s Executive Director of Research and Strategy, Sanjeewa Fernando, a presentation on banking and insurance by CAL Head – Strategies Udeeshan Jonas, and the manufacturing and telecommunications sector by SC Securities Chief Research Officer Charitha Gunasekera. A round table involving these experts will follow, moderated by Rajeeva Bandaranaike, CEO of the CSE.
The Colombo stock market has seen massive foreign net outflows since the start of 2020. Last year overseas net sales amounted to Rs. 53 billion while this year so far the figure exceeded Rs. 46 billion.
Sales abroad are made despite the bullish activity of the locals, the market having provided more than 50% return since the beginning of the year in terms of movement of the benchmark All Share Price Index (ASPI) and more than 48% by the S & PSL20 index.
Friday’s forum in Dubai aims to appeal to Lankan expats as well as foreign and Middle Eastern funds operating out of the United Arab Emirates.
Organizers said that due to the post-COVID imperative of an accelerated economic recovery, Sri Lanka remains focused and determined to stabilize and reorient the economy, and ensure the country is on track. significant and sustainable growth.
Previously, CSE-SEC jointly hosted Invest Sri Lanka Forums in key overseas markets including UK, US, Australia, New Zealand, UAE, India, Switzerland, Hong Kong and Singapore.
