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Sri Lanka Stocks Plummet 3.28% Amid Surging Oil Prices Over $100 a Barrel

by

Sienna De Silva
in ,

On Monday, the Colombo Stock Exchange in Sri Lanka experienced a significant decline following the surge in global oil prices, which rose by over 20 percent, exceeding $100 per barrel due to the ongoing conflict in West Asia.

The All Share Price Index (ASPI) decreased by 3.28 percent, equivalent to a drop of 744.08 points, closing at 21,957.83. Similarly, the S&P SL20 index fell by 3.38 percent, or 215.08 points, ending the day at 6,145.67.

This sharp downturn in the stock market came on the heels of crude oil futures surpassing $110 per barrel. The total market turnover was recorded at 1.97 billion rupees.

(Colombo/Mar9/2026)

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