USD/LKR one week forward 144.42/45, dealers said. (Feb 18, 2016 12.26 p.m)
ASPI trading at 6,212.82, down 8.00 or 0.13 percent with losses in Sri Lanka Telecom and some high cap stocks, brokers said. (Feb 18, 2016 12.26 p.m)
Asian shares continued their longest winning streak this year, Thursday following Iran’s statement to support other countries’ plans to boost oil prices. Japan’s Nikkei 225 rose 2.8 percent while South Korea’s KOSPI 200 was up 1.3 percent. Australia’s ASX 200 rose 1.5 percent but Singapore’s STI fell 1.2 percent. U.S. stocks also rose for a third straight day. The Dow Jones rose 1.6 percent while the Standard & Poor’s 500 rose 1.7 percent with the Nasdaq composite climbing 2.2 percent. (Feb 18, 2016 08.20 a.m)
Iran oil minister Bijan Zanganeh met in Teheran with his counterparts from Saudi Arabia, Russia, Qatar and Venezuela and said a celling on oil production would be a first step toward stabilizing prices. Oil’s 70 percent fall from over USD100 in mid-2014 has hurt oil producing companies and countries and their many suppliers around the world, helping fuel recent global market turmoil and economic uncertainty, a foreign media report said. “The Iranian minister didn’t say his country would join in cuts.”
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