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Akbar Brothers’ major share transaction keeps CSE in state of vibrancy
The Island
|September 05, 2025
Alumex PLC in a stock exchange filing yesterday said that a shareholder, Akbar Brothers Ltd., disposed of 80,169,400 shares or 13.39% of the issued shares of the company in the share market. The sales took
place on September 2 in several tranches, with share prices ranging from Rs. 18 to Rs, 20.10.The value of shares sold totalled Rs. 1.4 billion.
Amid those developments the CSE bounced back with few profittakings on the floor yesterday. Both indices moved upwards The All Share Price Index went ‘up by 16.25 points while $ and P $L20 rose by 0.59 points. Turnover stood at Rs 5.6 billion with eight crossings.
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The Island
Indian Army Chief to visit Sri Lanka early next month
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2 mins
November 29, 2025
The Island
Grave case of conflict of interest raised in parliament against Deputy Minister
Grave case of conflict of interest raised in Parliament against Deputy Minister SJB Gampaha District MP Prasad Siriwardana last week levelled a series of serious allegations, in Parliament, against Deputy Minister of Digital Technology Eranga Weeraratne, accusing him of presiding over a major conflict of interest involving two private technology firms.
2 mins
November 29, 2025
The Island
JVP breakaway FSP takes up mass grave found within Colombo Port premises
JVP-splinter Frontline Socialist Party-led People's Struggle Alliance has called for an urgent and wide-ranging investigation into what is believed to be a mass grave uncovered during ongoing excavation work within the Colombo Port premises, where officials have already identified skeletal remains belonging to at least 88 individuals.
2 mins
November 29, 2025
The Island
15 inbound flights diverted to ensure safety
The Airport and Aviation Services (Sri Lanka) Pvt Ltd (AASL) yesterday moved to reassure the travelling public that stringent measures are in place to cushion the impact of the island’s severe storm conditions including Cyclone Ditwah on operations at the Bandaranaike International Airport (BIA).
1 min
November 29, 2025
The Island
Cyclone Ditwah moving towards Tamil Nadu, landfall in 48 hours, state on alert
Fishermen have been pulled off large stretches of the Bay, multiple districts of southern states are on red or orange alert as officials said that Cyclone Ditwah's landfall timing will hinge on its shifting track over the next 24 hours.
3 mins
November 29, 2025
The Island
AIADMK veteran Sengottaiyan joins Vijay's TVK, boosts its political heft
K A Sengottaiyan, expelled veteran of AIADMK formally joined actor Vijay’s Tamilaga Vettri Kazhagam (TVK) on Thursday, a day after resigning as MLA from the Gobichettipalayam constituency.
1 mins
November 29, 2025
The Island
New Horizons
Poverty and hunger share a tragic intertwined relationship, where each condition can both cause and perpetuate the other.
7 mins
November 29, 2025
The Island
Country reels under worst weather in living memory
56 confirmed deaths, at least 21 others missing
2 mins
November 29, 2025
The Island
Rescue efforts at Hong Kong blaze end with deaths at 128, dozens missing
Firefighting and rescue operations at Hong Kong’s deadliest blaze in decades have ended, a government spokesperson said, with the death toll rising to 128 and about 200 people still missing.
2 mins
November 29, 2025
The Island
Share market fervour soars over rampaging flood waters
The business sentiment and confidence among investors were visible yesterday at the CSE despite there being an emergency situation in the country stemming from the weather havoc.
1 mins
November 29, 2025
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