The Colombo Stock Exchange in Sri Lanka experienced an upward trend on Tuesday, coinciding with a decline in global oil prices, which fell below $100 per barrel following a previous surge on Monday.
The All Share Price Index (ASPI) rose by 1.85%, equivalent to an increase of 406.09 points, reaching 22,310.23. Similarly, the S&P SL20 index saw an uptick of 2.41%, gaining 147.93 points to close at 6,276.93. The market turnover for the day was recorded at 757 million rupees.
The decrease in oil futures was influenced by a statement from US President Donald Trump, who indicated that the conflict between the United States-Israel and Iran might be nearing resolution. Additionally, he announced that the US Navy would escort oil tankers through the Strait of Hormuz.
(Colombo/Mar10/2026)
