Sri lanka News – Sri Lanka’s Colombo Stock Exchange halted trading two minutes after opening as an index of sensitive stock dropped 5.9 percent as an unfolding political crisis added to an economic crisis.
The Standard and Poor’s SL 20 Index fell 5.9 percent and the All Share Index fell 2.8 percent.
Education Minister Dinesh Gunewardena said Sunday night that the the cabinet of ministers had given their resignations to the Prime Minister.
Minister Keheliya Rambukwelle said the President may invite the opposition to a new cabinet.
However opposition Samagi Jana Balawegaya Chief Executive Ajith Perera said the resignation was a sham as under the constitution resignations had to be given to the President.
The SJB will not get involved in any government unless the President resigns, he said.