NEPSE traded only four days this week due to the Ghode Jatra holiday on Tuesday. Last week, the index closed at 1,933.31, down 3.46% from the previous week. This week, the index reached a high of 1,962.14 and a low of 1906.33, resulting in a volatility of 55.81 points. The index had 95.95 points of […]
The Nepal Stock Exchange (NEPSE), the country’s sole stock market, will be closed today (Chaitra 7, 2079) in observance of Ghode Jatra, a public holiday in Kathmandu valley. Normal trading in NEPSE will resume tomorrow (Chaitra 8, 2079) at 11:00 AM. The NEPSE index finished yesterday at 1,949.06, up 22.65 points from the previous trading
Because Monday and Wednesday were public holidays, NEPSE only traded for three days this week. This week, the index closed at 2,002.70, up 33.68 points (1.71%). Last week, the index closed at 1,969.02, down 2.65% from the previous week. This week, the index reached a high of 2,002.70 and a low of 1.935.49, resulting in
Due to the public holidays on Sunday and Tuesday, NEPSE only traded for three days this week. This week, the index dropped by 47.77 points (2.31%), closing at 2,022.64 as a result. Last week, the index lost 5.14% from the week before, closing at 2,070.41. This week, the index fluctuated by 68.79 points, hitting a
Aatmanirbhar Laghubitta Bittiya Sanstha is closing the issue of 20,338 units of IPO shares for Nepalese citizens working abroad from today i.e. on 2nd Falgun, 2079. The issue opened on 16th Magh and was supposed to close yesterday i.e. 1st Falgun but since the government of Nepal has decided to announce Falgun 1 as People’s War Day,
Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs. The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by
National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter. National Life has a
The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs. The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on. The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining
Paypal is not available in Nepal. Now that the government have given permission to several banks to issue dollar cards to Nepali citizens, Paypal might start looking at supporting Nepali market as well. However, being a small country, a tiny market for Paypal and strict NRB policies, it could not be possible anytime soon.
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal:The Nepal
