Foreign investors had pulled out Rs. 2.7 billion (over US $ 16.9 million) in a week, latest Central Bank data showed.

Accordingly government securities (Treasury Bills and Treasury Bonds) held by foreign investors had come down from Rs. 304.45 billion to Rs. 301.73 billion from the period of 6th June to 13th June 2018, according to the Weekly Data of Primary and Secondary Market Data issued by the Central Bank.

According to analysts in dollar wise it had come down from US $ 1.89 billion to 1.87 billion, during the period from 6th June to 13th June 2018, and experts highlight that foreigners may pull out their investments if the rupee is depreciated further against the US Dollar.

Meanwhile it is evident that most of the stocks listed on Colombo Stock Exchange (CSE) are also becoming what it called as ‘Penny Stocks’ in terms international markets, including country’s most famous stock John Keells Holdings (JKH) stock falling to Rs. 156 to Rs. 155 levels per share which is less than a US $ 1 in value, amidst a falling All Share Price Index (ASPI) in CSE in recent times.