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Stocks end week 1% higher, volumes make fresh records
Published On: May 28, 2021 09:48 PM NPT By: Republica
KATHMANDU, May 28: The Nepal Stock Exchange (Nepse) index extended gains from prior week as the benchmark rose 32.81 points on Sunday. Stocks saw further advance on Monday but momentum tapered with the broad based index adding 3.05 points. Some correction was witnessed in the latter part of the week. Tuesday saw a modest 6.45-point’s decline in the equity market, while the exchange remained closed on Wednesday on the occasion of Buddha Jayanti. The benchmark ended little changed in the last trading session of the week closing with a 1.20-point’s dip. Overall, the gain tally for the week stood at 28.21 points or 1.01% as Nepse finsihed at 2,815.40.
Govt making public new budget through ordinance on Saturday
Published On: May 28, 2021 07:30 AM NPT By: Republica
KATHMANDU, May 28: Finance Minister Bishnu Prasad Poudel is scheduled to read out the annual budget, being enacted through an ordinance at 4 pm on Saturday.
Govt decides to allow one regular flight a week to Qatar, Turkey and China
Published On: May 28, 2021 05:57 AM NPT By: Republica
KATHMANDU, May 28: The government has decided to allow a regular flight each week to China, Qatar and Turkey starting from June 1.
Nepse ends flat; turnover hits fresh record
Published On: May 27, 2021 09:05 PM NPT By: Republica
KATHMANDU, May 27: The Nepal Stock Exchange (Nepse) index fell sharply following Nepal Rastra Bank (NRB)’s restriction in short term trading by BFIs and investment in microfinance institutions. The market plunged in the morning with the benchmark giving up more than 50 points within first 5 minutes of trading. However, bulls gained control as the market made a quick recovery before settling around 30 point slower at mid-day. Further, stocks continued to climb in the latter part of the session as Nepse closed the day mildly lower at 2,815.40 – down 1.20 points against the session earlier.
Former finance ministers, NPC vice-chairmen caution govt not to introduce full budget through ordinance
Published On: May 27, 2021 09:00 PM NPT By: Republica
KATHMANDU, May 27: Former finance ministers and former vice-chairmen of the National Planning Commission (NPC) have cautioned the government that a full budget introduced through ordinance in the absence of the federal parliament could invite massive economic instability in the country.
Govt-owned STC and FMTCL will be at service to supply food for one week of strict prohibitory orders: DAO, Kathmandu
Published On: May 27, 2021 06:30 PM NPT By: Republica
KATHMANDU, May 27: The state-own entities Salt Trading Corporation (STC) and Food Management and Trading Company Limited (FMTCL) will be providing mobile services to those who want food items during the strict prohibition period to start from Friday, said the District Administration Office (DAO), Kathmandu.
Bird flu detected in Kathmandu again
Published On: May 27, 2021 01:28 PM NPT By: Republica
KATHMANDU, May 27: Bird flu has been detected at three places in Kathmandu again, according to the Department of Livestock Services.
NAST completes phase II testing of oxygen cylinders made in Nepal
Published On: May 27, 2021 12:30 PM NPT By: Republica
KATHMANDU, May 27: Nepal Academy of Science and Technology (NAST) has successfully completed the second phase of testing of oxygen gas cylinders made using local products.
Heavy snowfall in Sagarmatha region affects expeditions
Published On: May 27, 2021 11:57 AM NPT By: Republica
KATHMANDU, May 27: Heavy snowfall in the Sagarmatha region has affected the climbers as some of them had to return after making it as far as South Col.
‘High tariff rate, poor infrastructure big hurdles in increasing electricity consumption’
Published On: May 26, 2021 07:15 PM NPT By: Republica
KATHMANDU, May 26: Private sector has demanded that the government revise the electricity tariff rate and maintain uninterruptible power supply to increase domestic consumption of electricity.
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