KATHMANDU, Nov 21: Demat accounts registration has crossed 4.66 million units with an increasing number of investors being attracted to invest in the country’s stock exchange market.
According to the CDS and Clearing Limited, the demat accounts have increased by around 50 percent in the past eight months. The demat accounts opening has taken a leap mainly after the first lockdown that the government enforced in March 2020. In the fiscal year 2020/21 alone, the number increased by over 1.5 million units.
Investors told to close multiple demat accounts within 35 days
As of now, more than 7.78 billion units of shares have been registered under demat accounts. Similarly, the users of Meroshare, an online platform that allows investing in the new shares issued by the listed companies, has also crossed 3.78 million.
The records with the CDS and Clearing show that most demat account holders are the investors in primary shares. The authorities made demat transactions mandatory in the Nepal Stock Exchange from August 2015.
