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Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview
Nepal Rastra Bank (NRB) has presented a comprehensive overview of Nepal’s current macroeconomic and financial status based on data from the first eight months ending mid-March 2023/24. Inflation and Trade Year-on-year inflation remained stable at 4.82%. Gross foreign exchange reserves reached USD 14.14 billion. Total imports decreased by 2.7%, exports by 4.0%, and trade deficit […]
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Gold Prices in Nepal Experience a Dip: Rs. 1,000 Decrease per Tola, Silver Follows Suit with a Rs. 20 Fall
The current market for fine gold has witnessed a notable decrease, with the price dropping by Rs. 1,000 per tola. According to the latest information from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present trading value for fine gold is Rs. 1,25,000 per tola. This reflects a reduction of Rs. 1,000 […]
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Nepal Investment Mega Bank Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Shareholders
The current promoter of Nepal Investment Mega Bank Limited (NIMB) has initiated the auction of 2,55,741 units of shares, exclusively targeting existing promoter shareholders, starting from today, the 30th of Falgun, 2080. In this auction process, only the existing promoters of NIMB are eligible to participate in the bidding, and they have a window of […]
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NEPSE Index Reports Slight Dip Amidst Mixed Sector Performance: Key Highlights from Today’s Trading
The Nepal Stock Exchange (NEPSE) Index closed with a marginal loss of 2.48 points or 0.11% compared to the previous day’s closing, settling at 2,108.72 points, following a notable gain of 58.58 points in the preceding trading session. Trading activities commenced with the index opening at 2,123.91, touching an intraday low of 2,093.89, and reaching […]
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3,25,000 Promoter Shares of Miteri Development Bank In Auction From Today
Miteri Development Bank Limited (MDB) is currently undergoing a significant development as its existing promoter, Sunil Shrestha, has initiated the auction of 3,25,000 units of shares exclusively to existing promoter shareholders starting from today, the 29th of Falgun, 2080. In this offering, Sunil Shrestha aims to sell the specified number of promoter shares to the […]
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NLBBL and MMFDB Merger Finalized: NEPSE Issues Circular on Share Transaction Suspension
The final steps for the merger between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) have recently been concluded. In accordance with Section 9 (3) of the Merger and Acquisition Directive 2079 Act, the Nepal Stock Exchange (NEPSE) has issued a circular, officially suspending share transactions of the company as […]
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NEPSE Index Surges 2.85%: Finance Ministry’s Commitment Boosts Confidence in Nepalese Stock Market
The Nepal Stock Exchange (NEPSE) Index demonstrated a noteworthy surge, gaining 58.58 points or 2.85% compared to the previous day’s closing, concluding at 2,111.24 points. In the preceding trading session, the index had also experienced a positive trend, accumulating a gain of 22.10 points. The day’s trading activities commenced with the index opening at 2,065.63, […]
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American social media company “Reddit ” to issue IPO
Reddit is going to issue IPO worth 75 crore American dollar. it is going to issue 2.2 crore units to general public at per unit price in range of $31-35. An additional 17.6 lakhs are issued for redditors and moderators. View on r/NepalStock by Additional_Coffee_84
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NEPSE Surges by 22.10 Points, Closing at 2,052.65 with Microfinance Leading Green Sector Rally
The Nepal Stock Exchange (NEPSE) Index recorded a significant gain of 22.10 points, equivalent to 1.08%, surpassing the previous day’s closing to settle at 2,052.65 points. In the preceding trading session, the index had registered a gain of 13.51 points. Commencing the trading day, the index opened at 2,032.58, touching an intraday low of 2,032.58, […]
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Nepal’s Macroeconomic Snapshot: Resilient Remittances, Forex Stability, and Balanced Trade Dynamics in the First Seven Months of 2023/24
The Nepal Rastra Bank (NRB), the central bank of Nepal, has presented an overview of the country’s macroeconomic and financial situation based on data from the first seven months, ending mid-February of 2023/24. Overall According to NRB, the inflation rate was estimated at 5.01% on a year-on-year basis. The gross foreign exchange reserves reached USD […]
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