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Colombo - Wikipedia, the free encyclopedia (305 words) |
 | Colombo (derived from Sinhalese name Kola-amba-thota which means "mango harbour", altered by the Portuguese to honour Christopher Columbus), population 737,396 (Colombo metropolitan area: 2,234,289) (2001), is the cultural capital and largest city and commercial center of Sri Lanka. |
| Colombo was probably known to Roman, Arab, and Chinese traders more than 2,000 years ago. |
| The University of Colombo, several colleges, an observatory, a national museum, and numerous churches, mosques, and Buddhist and Hindu temples are in Colombo; on the outskirts are two Buddhist universities. |
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| The clearing and settlement procedures of the Colombo Stock Exchange were automated in 1991 with the establishment of the Central Share Depository. |
| The CSE opened its second branch in Kandy in the year 2003 in keeping with its strategy to broad base and strengthen the local investor base and take the capital market to the people. |
| Only Members of the licensed Stock Exchange (stockbrokers as they are generally known) or their authorised representatives, are allowed to buy and sell shares on the Exchange. |
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