KATHMANDU, Dec 20: The stock exchange market on Sunday went down 96.88 points on the back of the political uncertainty created by Prime Minister KP Oli's move to dissolve the federal parliament.
In response to Oli’s move, President Bidya Devi Bhandari has dissolved the House of Representatives and set new dates for the mid-term general election on April 30 and May 10, 2021.
Stock freefall continues
Nepal Stock Exchange (Nepse) that opened at 2,046.57 points on Sunday, declined by 91.48 points just in the first half an hour of the operation. The market responded with negative empathy against the Prime Minister’s move who had called a Cabinet meeting at around 10 am when he stepped up for the 'unprecedented move.'
Although the market took an upward graph with additional 64.8 points successively, the market observed a free fall and finally closed at 1,935.63 points.
