Sri Lanka's stock market shows mixed performance amid economic reforms

Sri Lanka's stock market in Colombo had a week of mixed results, opening strong with broad gains but later closing on a negative note amid sideways trading and mixed investor sentiment.

During this period, the Asian Development Bank appointed Shannon Cowlin as its new Country Director for Sri Lanka. Separately, the Sri Lanka-Canada Business Council marked 35 years of operations in the country.

News coverage also highlighted a long-awaited proposed law focused on rescue, rehabilitation, and insolvency, which is seen as a key structural reform for the economy.