Tuesday, 02 January 2024 12:17 GMT

CSE Opens Kegalle Branch To Expand Capital Market Access


(MENAFN- Colombo Gazette) The Colombo Stock Exchange (CSE) has officially opened its new branch in Kegalle, further strengthening its nationwide presence and improving public access to Sri Lanka's capital market.

The branch was inaugurated by Securities and Exchange Commission of Sri Lanka Chairman Senior Professor D.B.P.H. Dissabandara, CSE Director Kosala Gamage, and CSE Chief Executive Officer Rajeeva Bandaranaike, in the presence of senior representatives from both the public and private sectors.

With the addition of the Kegalle branch, CSE now maintains a presence across all nine provinces with branches in **Matara, Kandy, Kurunegala, Negombo, Jaffna, Batticaloa, Anuradhapura, Ratnapura, Panadura, Bandarawela, and now Kegalle.

Similar to other branches, the Kegalle office will provide services such as Central Depository System account opening, access to stockbroker firms, investor education programmes, and guidance for individuals exploring stock market investments.

Speaking at the opening, CEO Rajeeva Bandaranaike noted that Kegalle is recognised for its strong agricultural base and active small and medium enterprise sector. He said the new branch aims to guide residents on their investment journeys and support long-term financial growth.

Senior Professor Dissabandara highlighted that the Kegalle branch marks the 11th CSE location established to broaden capital market participation across the country. He emphasised that expanding the exchange's physical presence will help increase investor awareness and accessibility.

The branch, which can accommodate up to six stockbrokers, is expected to strengthen engagement with investors and provide essential guidance, particularly for new market participants. Dissabandara also noted the goal of increasing the number of listed companies from 289 to 500 over the next three years, adding that the Kegalle region holds strong potential for SMEs to raise capital through the CSE.

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Colombo Gazette

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