Tag: Valley

GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends.

According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal year 2074/75 when the bank distributed cash dividends to its shareholders.

The bank has appealed to investors who have not yet claimed their share of dividends to visit NIMB Ace Capital Limited, Lazimpat, Kathmandu, with valid identification within the next 35 days to claim their dividends.

As of the latest update, GBBL has a Last Traded Price (LTP) of Rs. 369.00, reflecting its current market value.

April 10, 2024
Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors

Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal.

A total of 1,14,612 unit promoter shares of SALICO are being auctioned, with promoter shareholders eligible to participate in the bidding process. The minimum bid rate for SALICO’s auction is set at Rs. 275, with a minimum bid quantity of 1,000 units for promoter shares. While bidders have the option to bid for the entire issue, they must adhere to the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

The auction is managed by Kumari Capital, providing a transparent and efficient platform for investors to participate. As of the latest update, SALICO’s Last Traded Price (LTP) stands at Rs. 667.00, indicating the current market value of the company’s shares.

April 10, 2024
Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024

Nepal’s gold market has witnessed an unprecedented surge, reaching a new all-time high on April 10, 2024. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold has experienced a significant increase of Rs. 500, pushing its price to an exceptional rate of Rs. 1,36,800 per tola, up from its previous rate of Rs. 1,36,300. Similarly, Tejabi gold, another highly sought-after variant, has also seen a rise, now valued at Rs. 1,36,150 per tola, marking a consecutive increase of Rs. 500 from its previous rate of Rs. 1,35,650.

Just the day before, on April 9th, 2024, fine gold had surged to an all-time high of Rs. 1,36,300 per tola. Additionally, the price of silver has also surged, setting new records. Presently priced at Rs. 1,700 per tola, silver witnessed an increase of Rs. 15 from the previous day’s rate of Rs. 1,685 per tola.

The domestic market is witnessing an upward trend in prices, while the international market also plays a significant role. According to the latest update, the current gold rate stands at $2,356.40 per ounce. Internationally, silver remains constant, with prices reaching $28.09 per ounce.

April 10, 2024
Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy

The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This two-day event, themed ‘Emerging Nepal,’ aims to showcase 125 national-level projects across various sectors to attract investment and foster economic development in the country.

Prime Minister Pushpa Kamal Dahal, in discussions with development partners, emphasized the government’s unwavering commitment to creating a secure and conducive investment climate. The Investment Board of Nepal (IBN) has extended invitations to over 1,100 potential investors, with more than 100 projects identified as viable for display at the summit.

Nepal boasts promising investment prospects in sectors such as clean energy, tourism, agro-processing, mining, information and communication technology (ICT), transportation, and manufacturing. Highlighted projects include the Nepal-China Friendly Industrial Park in Jhapa, the Upper Marsyangdi-2 Hydropower Project, grid-connected solar initiatives in Banke and Kapilvastu districts, and a potential agreement with Dabur Nepal for expanding production capacity.

The estimated cost of the Nepal-China Friendly Industrial Park is $786 million, while the Upper Marsyangdi-2 Hydropower Project seeks $647 million in Chinese investment. Grid-connected solar projects and Dabur Nepal’s expansion plan also present significant investment opportunities, showcasing Nepal’s appeal to prospective investors.

Despite past investment summits in 2017 and 2019 aimed at boosting Nepal’s attractiveness to investors, challenges remain in translating summit outcomes into tangible results. The government has undertaken pre-event activities abroad and streamlined preparations, but delays in amending relevant legislation persist, hindering progress towards creating a more investor-friendly regulatory environment.

April 10, 2024
Nepse TMS 25 Login | NEPSE Online Trading System

Sweta Securities Pvt. Limited

Putalisadak, Kathmandu, Nepal.
01-4444791

Stock Broker Number 25

Nepse TMS 25 Login

Sweta Securities, a pioneer in Nepal’s stock market landscape, has been a registered stock broker since its inception in 1994. It stands as one of the two stock brokerage firms in Nepal that participated in the inaugural day of the open outcry trading system, showcasing its commitment to serving the trading community. Over the years, Sweta Securities has maintained an impeccable record of rarely missing a trading day, establishing itself as a trusted partner for thousands of small investors and corporate traders alike.

Originally established as a stock brokerage firm registered with the Nepal Stock Exchange, Sweta Securities underwent a significant transformation on July 25, 1997, when it transitioned into a private limited company under the purview of the Companies Act. Since that pivotal moment, it has continued its operations as a privately held corporation, demonstrating adaptability and resilience in the ever-evolving financial landscape.

Committed to regulatory compliance and governance, Sweta Securities has been a registered entity with the Securities Board of Nepal since the enactment of the Securities Act in 2007 and the establishment of the Securities Board of Nepal. This dedication to regulatory standards underscores the company’s commitment to maintaining the highest level of integrity and transparency in its operations.

The company’s steadfast dedication to serving its clientele is evident through its unwavering presence at Nepal Share Market Complex, 1st Floor, PutaliSadak, Kathmandu, where its headquarters and operations have been based since its inception. Sweta Securities, while having its roots firmly planted in Kathmandu, extends its services beyond the valley. Despite having no physical branches, the company efficiently caters to clients across Nepal, including those in Biratnagar, Birgunj, Butwal, and Nepalgunj. Moreover, Sweta Securities proudly serves Nepali citizens working abroad, ensuring that they can seamlessly access and benefit from its comprehensive suite of financial services.

In conclusion, Sweta Securities has demonstrated a remarkable journey in Nepal’s stock brokerage industry, standing as an enduring symbol of trust, integrity, and commitment to clients. With its long-standing presence, regulatory compliance, and unwavering dedication to clients across the nation, Sweta Securities remains a cornerstone of Nepal’s stock market ecosystem.

April 10, 2024
Nepse TMS 17 Login | NEPSE Online Trading System

ABC Securities Pvt. Limited

Indrachowk, Kathmandu
01-4230787

Stock Broke Number 17

Nepse TMS 17 Login

ABC Securities Private Limited commenced its operations on the 10th of Shrawan, 2054 B.S. (25th July 1997), earning the distinction of being one of the pioneering 25 firms to be awarded a Brokerage License by the Nepal Stock Exchange Ltd. Originally known as Khandelwal Stock Broking Co. Pvt. Ltd., the company underwent a transformation on the 10th of Jestha in the year 2066 B.S. (24th May 2009), changing its name to ABC Securities Pvt. Ltd. due to a change in ownership. This transformation was made possible by the authorization of the Securities Board of Nepal (SEBON), Nepal Stock Exchange Ltd. (NEPSE), and CDS & Clearing Ltd., granting ABC Securities Pvt. Ltd. licenses to operate in stock brokerage services, clearing services, and depository participant services (CDSCL).

In its initial years, the company was under the stewardship of the late Mr. Sajjan Kumar Agrawal, who instilled a culture of ethics and a relentless pursuit of improvement throughout the organization. Presently, Mr. Nitesh Kumar Agrawal and Mr. Yogesh Kumar Agrawal are the sole shareholders of the company. Mr. Nitesh Kumar Agrawal, as the Executive Chairman, oversees the general operations of the company, while Mr. Yogesh Kumar Agrawal is responsible for the company’s Remote Work Station (RWS) located in the eastern city of Dharan, Nepal.

ABC Securities Pvt. Ltd. has marked several milestones in its journey. Notably, it became the first brokerage firm to offer brokerage services in the eastern metropolis of Nepal, Dharan, starting from the 20th of Mangsir, 2070 B.S. (5th December 2013). This strategic move aimed to extend access to capital markets to residents living outside the Kathmandu Valley, thereby opening up investment opportunities for a broader audience. Through this initiative, ABC Securities facilitated direct access to Nepalese financial markets for investors in Dharan and neighboring cities, solidifying its position among the top brokers in Nepal in terms of trading volume among all the RWS operating in the country.

Throughout its journey, ABC Securities has played a pivotal role in the evolution of Nepal’s capital markets. It transitioned from the Open Out Cry System to the semi-automated trading system NEPSECTS and, eventually, to the NEPSE Online Trading System (NOTS) following the establishment of the Nepal Stock Exchange. Collaborating closely with the exchange, the company has provided valuable input into the development of new software systems. Furthermore, ABC Securities has modernized its IT infrastructure to align with the evolving demands of the industry.

For over two decades, ABC Securities has consistently delivered brokerage services founded on the highest ethical standards and a commitment to unmatched client service. The company firmly believes that trust is the cornerstone of a successful business, an especially critical element in the financial markets. This trust, particularly in terms of trading and settlement, has allowed ABC Securities to maintain robust trading volumes and secure its position among Nepal’s top ten brokerage firms for several years.

In pursuit of excellence, ABC Securities places significant emphasis on ongoing training sessions for its Human Resource personnel, ensuring they stay abreast of current practices and continue to enhance their skills. The company has also initiated and funded numerous investor training programs, further contributing to the development of Nepal’s financial ecosystem.

April 9, 2024
Nepse TMS 22 Login | NEPSE Online Trading System

Siprabi Securities Pvt. Limited

Pulchowk, Lalitpur, Nepal.
01-5530701

Stock Broker Number 22

Nepse TMS 22 Login

Siprabi Securities, a pioneering force in the world of stock trading, holds the distinct honor of being a founding member of the Nepal Stock Exchange Limited. With the esteemed license granted by the Nepal Securities Board in 1994, we have embarked on a journey of innovation and excellence in the financial services sector.

At Siprabi Securities, we are driven by technology, and our core mission is to deliver cutting-edge broking services to our valued clientele. In line with our commitment to continuous improvement, we are on the cusp of launching margin lending services, further enhancing the array of offerings available to our clients. Moreover, we eagerly anticipate the imminent introduction of fully automated internet trading, revolutionizing the way our clients engage with the stock market.

While our current operations are centered in the vibrant Kathmandu Valley, our aspirations extend far beyond these boundaries. With the impending rollout of our advanced internet trading system, we aim to transcend geographical constraints and expand our footprint to other parts of Nepal and, ultimately, the global stage.

In terms of our client base, Siprabi Securities has garnered the trust of approximately 28,000 registered clients within our system. A significant milestone recently witnessed about 3,000 of them updating their Know Your Customer (KYC) information and actively placing orders under our new system. This underscores our dedication to maintaining a robust and engaged client community.

Over the past five years, Siprabi Securities has impressively managed NPR 21.33 billion in customer equity, a testament to our prudent and responsible approach to financial management. In addition, we have diligently overseen 22,944 active client accounts, ensuring that their investment objectives are met efficiently and effectively.

Our extensive two-decade journey in the industry has uniquely positioned us to fuse our wealth of broking business knowledge and expertise with the technology we offer to our clients. We firmly believe that the integration of technology is the key to enhancing client interaction and experience. As part of this commitment, we are excited to announce the forthcoming launch of our brokerage mobile application in the year 2076, further streamlining and modernizing our service offerings.

At Siprabi Securities, we are poised to continue our legacy of innovation, client-centricity, and technological advancement. We are honored to have played a pioneering role in the Nepalese stock market and look forward to serving our clients with even greater efficiency and convenience in the years to come.

April 9, 2024
Devastating Fire at Bharat Furniture: A Costly Setback for the Industry

A devastating fire broke out at Bharat Furniture, located in Matihani-8 of the district, causing extensive damage estimated at over Rs 3.5 million. Owned by Dukhmochan Thakur, the furniture industry fell victim to the blaze, which ignited around 10:00 pm on Monday, as reported by the District Police Office, Mahottari. The inferno swiftly engulfed the premises, consuming furniture and raw materials stored within the establishment.

Efforts to combat the fire involved teams comprising the Armed Police Force, Nepal Police, and local residents, supported by a fire engine. Despite their collaborative endeavors, the true extent of the damage inflicted by the fire is currently under assessment, highlighting the substantial setback experienced by Bharat Furniture and its proprietor, Dukhmochan Thakur.

April 9, 2024
Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal

Recently, the gold market in Nepal has experienced an unprecedented surge, reaching a new all-time high on April 9, 2024. The Federation of Nepal Gold and Silver Traders’ Association reported a notable increase of Rs. 100, pushing the price of fine gold to an exceptional rate of Rs. 1,36,300 per tola, up from its previous rate of Rs. 1,36,200. Similarly, Tejabi gold, another highly sought-after variant, also witnessed a consecutive increase of Rs. 100, now valued at Rs. 1,35,650 per tola, compared to its previous rate of Rs. 1,35,550.

Just a day earlier, on April 8th, 2024, fine gold had surged to an all-time high of Rs. 1,36,200 per tola. However, in contrast, the price of silver has remained steady at Rs. 1,685 per tola in the domestic market.

Despite the domestic market’s upward trend in prices, the international market plays a significant role in influencing these changes. The latest update reveals that the current gold rate stands at $2,344.00 per ounce globally. Meanwhile, silver prices remain constant at $27.81 per ounce internationally.

These fluctuations in both domestic and international gold and silver markets highlight the dynamic nature of precious metal trading and its susceptibility to various economic factors. Investors and traders must closely monitor these trends to make informed decisions in the precious metals market.

April 9, 2024
Global IME Ltd. Debenture Delisting: Implications and Refund Process

In a significant development, 1,500,000 units of the “10.25% Global IME Ltd. Debenture 2080/81” have been removed from trading on the Nepal Stock Exchange (NEPSE). This move holds implications for investors and marks the culmination of the debenture’s tenure.

The “10.25% Global IME Ltd. Debenture 2080/81” reached its maturity date in Chaitra, 2080, offering a lucrative 10.25% annual return to unitholders throughout its term. With its delisting, Global IME Ltd. is now set to initiate the process of refunding the seed fund and distributing the accrued interest to its unitholders. This step signifies the completion of the debenture’s cycle and highlights the company’s commitment to its investors.

For unitholders seeking detailed information on the refund process and interest distribution, Global IME Bank Limited stands ready to assist. Unitholders are encouraged to reach out to or visit the nearest branches of Global IME Bank Limited, conveniently located in Kamaladi, Kathmandu, Nepal.

April 9, 2024
NEPSE Index Update: Insights into Nepal’s Stock Market Movement

The Nepal Stock Exchange (NEPSE) Index exhibited a positive trajectory, recording a gain of 0.45% or 9.19 points, closing at 2,036.01 points by the end of today’s trading session. This follows a notable increase of 22.75 points in the previous session, indicating a dynamic market environment.

Opening at 2,035.2 points, the trading day was characterized by fluctuations, with the index reaching an intraday high of 2,046.61 points before dipping to an intraday low of 2,030.44 points. Such variations underscore the active participation of investors and the responsiveness of the market to various factors.

Amidst this bustling trading environment, a total of 315 different stocks were traded in 72,261 transactions. The volume of shares traded amounted to 9,789,416, reflecting a total turnover of Rs. 4.14 Arba. The market capitalization closed at Rs. 32.28 Kharba, with a float market capitalization of Rs. 10.89 Kharba, indicating significant financial activity within NEPSE.

One standout highlight of the day was SuryaJyoti Life Insurance Company Limited (SJLIC), which garnered a turnover of Rs. 18.08 Crore and closed at a market price of Rs. 499.10. Additionally, three companies experienced positive circuit movements, contributing to the overall market dynamics.

However, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) faced a decline, losing 10% to close at Rs. 1,511.10. Such fluctuations in individual stock performance highlight the inherent risks associated with stock market investment.

In terms of sector performance, three Sector Indices concluded in negative territory, with the “Finance Index” leading with a gain of 2.79%. Conversely, the “Manufacturing And Processing Index” witnessed a decline of 1.46%, showcasing sector-specific trends within NEPSE.

In conclusion, the latest NEPSE trading session provides valuable insights into the dynamics of Nepal’s stock market movement. Investors should remain vigilant and informed to navigate fluctuations and capitalize on investment opportunities.

April 9, 2024
Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis

The recent unveiling of a multi-billion-rupee business tower in Damak by the government has ignited debates over its practicality, given reports of tepid interest from prospective commercial tenants. The towering edifice, standing 18 stories tall and spearheaded by CPN-UML chairman and former Prime Minister KP Sharma Oli, awaits its official inauguration amidst uncertainties surrounding its future occupancy.

Confirming the tower’s completion, Maniram Gelal, Secretary of the Ministry of Urban Development, affirmed its purpose to host commercial activities, with the topmost floors earmarked for sightseeing ventures. However, despite its meticulously designed infrastructure geared towards commercial viability, the premises have yet to witness any formal commitment from potential lessees.

Sudeep Poudel, the project manager overseeing Urban Development and Building Construction, acknowledged the absence of concrete initiatives for floor reservations, despite some informal expressions of interest. Presently, the tower predominantly serves as a backdrop for outdoor photography enthusiasts, with scant foot traffic observed indoors.

Nestled approximately 6 kilometers west of Damak Bazaar, concerns loom over the operational overheads associated with running businesses within the tower precincts. An official from the Urban Development and Construction Department shed light on the logistical challenges of conducting enterprises at a remove from the established market nucleus, hinting at diminished profitability prospects for prospective occupants.

April 8, 2024