Sri Lanka stock exchange to halt for five days from April 18 amid crisis

A Sri Lankan delegation is headed to Washington, looking to secure up to $4 billion from the International Monetary Fund and other lenders

Sri Lanka’s securities commission ordered the Colombo Stock Exchange to be halted next week to give investors time to digest the country’s economic conditions.
 

The board of directors of the stock exchange, along with other stakeholders, had sought a temporary closure of the market, the Securities and Exchange Commission of Sri Lanka said in a statement on Saturday. 

“The SEC has carefully considered the grounds that have been adduced by them and has evaluated the impact the present situation in the country could have on the stock market, in particular the ability to conduct an orderly and fair market for trading