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Sri Lankan shares end lower as materials stocks weigh
Sri Lankan shares end lower as materials stocks weigh

Business Recorder

time5 days ago

  • Business
  • Business Recorder

Sri Lankan shares end lower as materials stocks weigh

Sri Lankan shares closed lower on Monday, as losses in materials stocks outpaced gains in most sub-indexes. The CSE All-Share Index settled 0.38% lower at 17,360.19, extending losses for a second straight session. Sri Lanka's economy grew 4.8% on-year in the first three months of 2025, official data showed on Monday. Amana Takaful Life and Autodrome were the top percentage losers on the benchmark index, down 8.3% and 7.6%, respectively. Sri Lankan shares decline as IT leads losses; logs tenth weekly gain Trading volume on the index fell to 149.5 million shares from 164.8 million shares in the previous session. The equity market's turnover dropped to 3.15 billion Sri Lankan rupees ($10.48 million) from 4 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 167.9 million rupees, while domestic investors were net buyers, purchasing shares worth 3.06 billion rupees, the data showed.

FIA President Ben Sulayem Pushes $4 Million Bugatti Bolide to the Limit at Dubai Autodrome
FIA President Ben Sulayem Pushes $4 Million Bugatti Bolide to the Limit at Dubai Autodrome

Yahoo

time06-05-2025

  • Automotive
  • Yahoo

FIA President Ben Sulayem Pushes $4 Million Bugatti Bolide to the Limit at Dubai Autodrome

Read the full story on Modern Car Collector FIA President Ben Sulayem Pushes $4 Million Bugatti Bolide to the Limit at Dubai Autodrome FIA President Mohammed Ben Sulayem showed no hesitation in unleashing the full potential of his $4 million Bugatti Bolide during a recent high-speed session at the Dubai Autodrome, underlining both his racing pedigree and his passion for the extreme edge of performance engineering. Ben Sulayem, a former rally champion and head of the global motorsport governing body, is among only 40 owners worldwide of the Bolide, a limited-run track-only hypercar built by Bugatti. With its 8.0-liter quad-turbocharged W16 engine producing a staggering 1,825 horsepower, the Bolide is one of the most powerful and advanced machines ever created for the track. Sources close to the event confirmed the FIA chief spent the evening carving up corners at the Dubai circuit, burning through Michelin racing slicks that, under the immense 2,600 kg of downforce the car generates, are known to last fewer than 40 miles per set. Each replacement set costs around $8,000, but for Ben Sulayem, the focus appeared to be on performance, not price tags. Weighing just 1,450 kg in dry form, the Bolide boasts a power-to-weight ratio of over 1,100 hp per metric ton—placing it in the upper echelon of track vehicles globally. Its specialized aerodynamic package and engineering have been designed solely for circuit use, with no compromises for road legality. While many hypercar owners prefer to keep such rare machines under wraps, Ben Sulayem's decision to put his Bolide through its paces reflects a hands-on leadership style rooted in driving experience and deep motorsport passion. Follow us on Facebook and Twitter

Take to the track with a thrilling new fleet of supercars at Dubai Autodrome
Take to the track with a thrilling new fleet of supercars at Dubai Autodrome

What's On

time05-03-2025

  • Automotive
  • What's On

Take to the track with a thrilling new fleet of supercars at Dubai Autodrome

Sponsored: Get on the fast lane to excitement… One of the region's hottest, high-octane attractions has raced to new highs, as Dubai Autodrome has expanded its fleet of high-performance supercars for you to enjoy. You can now get behind the wheel of mean machines such as the iconic Porsche 911 GT3 and Aston Martin Vantage, so these world-renowned supercars have you feeling the power, handling and precision of some of the most sought-after names on the supercar scene. Porsche 911 GT3 Experience Feel the roar of the Porsche 911 GT3, equipped with a 4.0-liter flat-six engine producing a whopping 510 horsepower. This machine is the pinnacle of German engineering and puts out a 9,000 RPM redline and a 7-speed PDK transmission, allowing participants to drive the legendary 911 GT3 for six thrilling laps of the challenging Club Circuit. You'll be guided by professional instructors through every turn, ensuring a safe memorable, adrenaline-filled session. At Dhs3,250, it's the ultimate driving experience, and it's all yours to book here. Aston Martin Vantage Thrill Enjoy the legacy of the Aston Martin Vantage, with its twin-turbo V8 engine putting out a power-packed 503 horsepower and 685 Nm of torque. This thrilling six-lap session, priced at Dhs2,000, allows you to experience the car's agility and high-performance capabilities, all under the supervision of their expert instructors. When you're after the ideal opportunity to experience the essence of the iconic Aston Martin's engineering, book the experience here. Comprehensive Driving Packages You're in for the ultimate driving experience here, with essential safety briefings, expert guidance, and a certificate upon completion, ensuring a rewarding and educational experience for you. Whether you're an experienced driver or new to high-performance cars, Dubai Autodrome offers a safe, controlled environment to refine your driving skills and feel the thrill of their growing fleet of iconic cars. To the starting grid… To reserve your spot and take part in one (or both) of these exclusive supercar experiences, visit Sessions are available throughout the week, so you can choose a time that suits your schedule. And in even better news, keep an eye out for even more supercars joining the Autodrome's fleet very soon. Dubai Autodrome, Dubai Motor City. @dubaiautodrome. > Sign up for FREE to get exclusive updates that you are interested in

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