A comprehensive work on capital market
by Lalin FERNANDOPULLE
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Dr. Lalith Samarakoon
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In the evolution of Sri Lanka's capital market key personalities such
as Dr. Lalith Samarakoon is admired with gratitude for his magnanimous
contribution towards widening the horizons of prospective investors.
Dr. Samarakoon, a financial economist and a Senior Lecturer of the
University of St. Thomas, Minasota USA, the author of 'Sri Lanka's
Securities Market', is the first comprehensive Sinhala edition on the
capital market published in 1998.
The book became popular and attracted a good readership compelling
the author to extend his work into four editions.
The need for a book on the capital market arose with the expansion of
the market in Sri Lanka. Nearly a decade after the launch of the maiden
blockbuster Dr. Samarakoon launched another book on the Capital Market
in Sri Lanka which is a concised version consisting eleven chapters on
important aspects of investing in the Share Market.
Written in simple language on Stock Market gives a new dimension of
investment. An entire chapter has been dedicated to the evolution of the
Stock Market in Sri Lanka.
Treasury Bills, Treasury Bonds, Corporate Debt Securities,
Securities, Shares, Futures and Unit Trusts and the regulations
pertaining to each of these the primary securities are included in the
book.
The writer has not only dwelt on the current Securities traded in the
Stock Market but also on the potential for a vibrant Derivatives market
in Sri Lanka.
The objective of Dr. Samarakoon is to educate investors, school and
university students, graduates and undergraduates seeking qualification
in finance and economics.
Director, Financial Service Academy SEC, Dr. Dissa Bandara said the
book on Sri Lanka's capital market is a comprehensive work written in
simple language that could be understood by many with least financial
jargon.
Dr. Samarakoon has been an advisor on the capital market to the World
Bank, UNAID and the Asian Development Bank.
He was the Head of the Department of Accounting and Finance
Management of the University of Sri Jayawardenepura.
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