Today the CSE’s contribution to the national GDP is 36 percent while some other countries its contribution to the GDP is 100 percent. With the increasing of number of new listings the market capitalisation could be increased to US$ 50 billion,” Wijayawardhana told South Asian Regional Investment Conference in Colombo yesterday (27).

The CSE in association with the South Asian Federation of Exchanges (SAFE) hosts the South Asian Investment Conference and SAFE Annual General Meeting in Colombo.

Wijayawardhana said last year the CSE was able to touch Rs. 3 trillion market capitalisation, which was first time after year 2012. With these new developments in 2014 and 2015 several companies raised capital e through the CSE, which has an increasing trend now with new listings, he said.

He also said that due to favorable liquidity level in the CSE the foreign investor participation has also being increased considerably. With this foreign investor participation Rs. 94 million has contributed to the GDP last year, he said.

The COO also said that in 2013/2014 huge funds raised through the capital market by various entities listed in the CSE and also new listing which were Rs 94 billion in 2013 and Rs 65 billion in 2014 respectively.

Wijayawardena also said the CSE has drawn up plans to improve the liquidity in the market by improving the infrastructure level technology in the system. Therefore with these new developments they have taken action to introduce new IT based upgrading system to the market.