Bullishness on the basis of hopes of ballooning FDI

The CSE yesterday radiated a degree of bullishness due to hopes of satisfactory corporate quarterly earnings plus expectations of Foreign Direct Investments (FDI) ballooning to US $ 1.1 billion in 2025.

- BY HIRAN Η SENEWIRATNE

This amount is traceable to new and existing projects, with realized invest-

ments rising to 138 percent from a year earlier by September. So far during the first eight months of the year the total FDI reached is US$ 827 million, market analysts said.

Amid those developments both indices moved upwards. The All Share Price Index went up by 159.16 points, while the S and P SL20 rose by 29.24 points. Turnover stood at Rs 7.4 billion with 11 crossings.