Year: 2024
Gold Prices in Nepal Hit Record High at Rs. 1,53,400 Per Tola
The gold market in Nepal has reached a new high, with prices surging on September 11, 2024. As per the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of fine gold jumped to Rs. 1,53,400 per tola, an increase from Rs. 1,52,400 recorded the day before. Similarly, Tejabi gold experienced a price […]
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NLG Insurance Revises Right Share Issuance to 62.56%
NLG Insurance Company Limited (NLG) has revised its right share issuance rate to 62.56%, down from the initially planned 66%. This decision was made during the company’s 449th Board of Directors meeting on Bhadra 24, 2081. The original 66% right shares issuance had been approved during a special general meeting on Shrawan 15, 2080, with […]
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Last Day to Claim Dividends for Sanima Funds
Today marks the final opportunity for investors to secure their cash dividends for three major funds managed by Sanima Capital Limited. The dividends include a 15% cash dividend for the Sanima Equity Fund (SAEF), 10% cash dividend for the Sanima Large Cap Fund (SLCF), and 10% cash dividend for the Sanima Growth Fund (SAGF). Investors […]
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Protective Micro Insurance to Issue 2.25 Million Ordinary Shares to Public
Protective Micro Insurance Limited has announced its decision to issue 2,250,000 ordinary shares to the general public. Each share will be offered at NPR 100, with the total call amount summing up to NPR 22.50 Crore. The issuance is part of the company’s effort to raise capital and expand its business operations. To facilitate the […]
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Promoter Shares of Best Finance Company Now Listed in NEPSE
A total of 3,56,074.57 units of promoter shares from Best Finance Company Ltd. (BFC) have been successfully listed on the Nepal Stock Exchange (NEPSE). These shares, which were auctioned earlier, are now available for trading under the symbol BFCPO. The auction took place between 4th Ashadh, 2081, and 11th Ashadh, 2081, offering shareholders the opportunity […]
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NEPSE Index Falls by 55.86 Points, Continuing Downward Trend
The Nepal Stock Exchange (NEPSE) Index experienced another significant drop, declining by 55.86 points, or 2.06%, to close at 2,646.03 points. This continues the downward trend from the previous session, where the index had already lost 25.46 points. The trading session began at 2,702.57 points, with the index reaching an intraday high of 2,706.54 points. […]
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Life Insurance Company Proposes 10% Bonus Shares and 7% Rights Issue to Meet Capital Requirement
At the recent 16th Board of Directors meeting held on Bhadra 7, a significant decision was made to distribute a 10% bonus share and a 0.526% cash dividend, including tax, to shareholders. This move aims to enhance the company’s capital base from the existing paid-up capital of Rs. 4.29 Arba. The company plans to issue […]
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NEPSE Index Sees Continued Decline, Drops 25.46 Points
The Nepal Stock Exchange (NEPSE) Index continued its downward trajectory, slipping by 25.46 points, or 0.93%, to close at 2,701.90 points. This follows a 12.10-point decline in the previous trading session. The trading day opened with the index at 2,732.83 points, briefly reaching an intraday high of 2,760.45 points before falling to a low of […]
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Gold Prices Drop by Rs. 1,200 Per Tola in Nepal
The gold market in Nepal has seen a significant decline, with fine gold prices dropping by Rs. 1,200 per tola. According to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now being sold at Rs. 152,100 per tola, a decrease from its previous rate of Rs. […]
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Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
Commercial banks in Nepal have lowered their average base interest rate to 7.92% for the period between mid-August and mid-September. This marks a decrease of 0.25 percentage points from the previous months, driven by an excess of loanable funds. The reduction indicates that lending rates may also fall in the near future. According to data […]
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