The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.
According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.
One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.
SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months
Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in Nepal. In Khotang District, the company operates a 3 MW Upper Rawa Khola Small Hydropower Project (URKHP), which has been in commercial operation since September 20, 2020. The project is being built using the BOOT (Build, Own, Operate, and Transfer) model.
Today’s gold price has dropped by Rs. 800 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 110,200 per tola. Yesterday, the rate remained unchanged at Rs. 111,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,650. In contrast, the rate was kept at Rs. 110,450 per tola yesterday.
The NEPSE index closed at 1,866.79 today, down 8.28 points from the previous trading day’s close. This is a 0.44% decrease. Yesterday, the index rose 8.39 points.
The index opened today at 1,875.88 and reached an intraday high of 1,888.82. In contrast, it dropped as low as 1,864.51 before closing at 1,866.79.
Through 23,388 transactions, 269 scrips changed hands. A total of 2,870,819 shares were traded, totaling Rs. 92.06 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 81.6 Crores.