Colombo Stock Exchange sees Rs1.5bn net foreign inflow following 4% drop after terror attacks

The stock market in Sri Lanka has remained steady following an initial 4% drop in the broader indices after the Easter Sunday terror attacks. In a surprising development, during the first week of trading since the market opened after the bombings, stocks saw a net foreign inflow of over Rs1.5bn (US$9mn). Analysts were surprised at how strong the market has held up considering the magnitude of the ISIS inspired global terror attack in Sri Lanka. During the week there was significant net foreign buying in stock market bellwether John Keells…