Friday, September 18, 2009

What is a Stock Exchange?

What is a Stock Exchange? and What is the Colombo Stock Exchange (CSE)?
Let's scan throughe description abd get idea about what is this???
A Stock Exchange provides a liquid, open market for buying and selling of shares, debentures etc. of publicly owned companies. Companies, which use the mechanism of the stock market to raise debt or equity capital, commonly enter the stock market through issuing shares or debentures to the public. Sri Lanka's only stock exchange, the Colombo Stock Exchange (CSE) currently has 237 listed companies, 15 member firms, 5 trading members and one specialized debt trading member.
(want a dictionary or translator.. ??)
What is the Colombo Stock Exchange (CSE)?
The Colombo Stock Exchange (CSE) is the organization responsible for the operation of the stock market in Sri Lanka. The CSE is a company limited by guarantee established under the Companies Act No. 17 of 1982 and licensed by the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a stock exchange in Sri Lanka.

History of Colombo Stock Exchange
Share trading in Sri Lanka Commenced in the 19th century. When British Planters needed funds to setup Tea Plantations in Sri Lanka. The Colombo Share Brokers Association commenced trading of shares in limited liability companies in 1896.A landmark event in the history of share trading in Sri Lanka was formation of “Colombo Securities Exchange (GTE) Ltd 1985, which took over operation of the stock market from the Colombo Share Brokers Association. It was renamed “ Colombo Stock Exchange (CSE) in 1990.

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