Year: 2024
NIC Asia Mutual Funds Report NAV for Jestha
NIC Asia Balanced Fund (NICBF), a 10-year closed-end mutual fund managed by NIC Asia Capital, has released its NAV report for the month of Jestha. The NAV stands at Rs. 10.61, up from Rs. 10.35 in the previous month. The fund started with a size of Rs. 75.50 crores, investing Rs. 43.00 crores in […]
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Gold Prices Drop by Rs. 800 per Tola
The fine gold market has seen a significant drop, with prices falling by Rs. 800 per tola. According to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now priced at Rs. 1,40,800 per tola, down from Rs. 1,41,600 per tola. Tejabi gold has also decreased, now […]
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SEBON Approves Reliance Spinning Mills IPO
The Securities Exchange Board of Nepal (SEBON) has approved the IPO proposal of Reliance Spinning Mills Limited. The company will issue 1,155,960 unit shares to the general public at a bid price of NPR 820.80 each through the book-building method. Previously, Reliance Spinning Mills issued primary shares to Qualified Institutional Investors (QII) from 10th Magh […]
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Updates on Nepal’s Gold and Silver Markets
Recently, the fine gold market in Nepal has seen a notable adjustment, with prices dropping by Rs. 700 per tola. According to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now priced at Rs. 1,41,600 per tola, down from its previous rate of Rs. 1,42,300 per […]
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Nepal Stock Exchange (NEPSE) Index Declines by 0.56% Amid Mixed Sector Performance
Today, the Nepal Stock Exchange (NEPSE) Index closed at 2,060.16 points, marking a decrease of 11.60 points or 0.56% from the previous trading day. This followed a slight gain of 5.60 points in the prior session. The day started with the index opening at 2,075.75 points and reaching an intraday high of 2,077.26 points. However, […]
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NEPSE Index Gains 5.60 Points, Closing at 2,071.77 Points
The Nepal Stock Exchange (NEPSE) Index saw a rise of 5.60 points today, marking an increase of 0.27% to close at 2,071.77 points. This follows a previous gain of 3.21 points. The day began with the index at 2,067.32 points, hitting an intraday high of 2,077.63 points, and a low of 2,067.03 points before settling […]
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Promoter Shares of Multiple Companies Up for Auction in Nepal
NIC Asia Bank Limited (NICA) is auctioning 50,000 units of promoter shares of Citizen Investment Trust (CIT) from 11th Ashadh to 18th Ashadh, 2081. Qualified investors can participate in the auction with a minimum bid rate of Rs. 739 and a minimum bid quantity of 10,000 units. Bids must be submitted at the bank’s central […]
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Kathmandu Unveils Rs 25.70 Billion Budget for 2024/25
The Kathmandu Metropolitan City (KMC) has announced a budget of Rs 25.70 billion for the fiscal year 2024/25. Deputy Mayor Sunita Dangol presented the budget during the 15th municipal assembly meeting, noting a reduction of Rs 170 million from the previous year. The budget allocates Rs 14.81 billion (61.20 percent) for infrastructure development, Rs 3.49 […]
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Citizen Investment Trust Announces 29th AGM with Attractive Dividend
Citizen Investment Trust (CIT) is set to host its 29th Annual General Meeting (AGM) on 31st Ashadh, 2081, at the Tribhuwan Army Club in Bhadrakali, Kathmandu. The meeting will commence at 11:00 am. A key highlight of the AGM will be the endorsement of a 14.7368% dividend for the fiscal year 2079/80. The Board of […]
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Gold Prices Surge by Rs. 300 per Tola
The price of gold has risen by Rs. 300 per tola today, reflecting a significant increase compared to yesterday’s rates. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current price for fine gold is now Rs. 1,42,300 per tola, up from Rs. 1,42,000 per tola the previous day. Similarly, the […]
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