Nepal's Stock Market Shake-Up: Is a New Exchange Necessary?

Amid growing debates and controversies, Nepal is on the brink of establishing a second stock exchange, challenging the long-standing monopoly of the Nepal Stock Exchange (NEPSE). The government’s push for a new trading platform aims to introduce competition, modernize market infrastructure, and diversify investment opportunities. However, the move has sparked concerns over market fragmentation, political influence, and investor safety. As stakeholders weigh the potential benefits and risks, the question remains: Does Nepal truly need a new stock exchange, or should NEPSE be restructured to meet evolving market demands?