This made Pokhara the first city to cater to the needs of the stock investors outside the Kathmandu Valley. [break]
On the first day, a total of 140 share units of three commercial banks were traded in the city. According to Nepal Stock Exchange (Nepse), 60 units of Bank of Kathmandu, 10 units of Standard Chartered Bank and 70 units of Everest Bank were traded on the day through the company.
“A buyer each purchased the shares of BoK and Standard Chartered, while two investors put their money on Everest Bank,” said Hom Bahadur Bijukchhe, promoter of Nepal Stock House.
The transactions for the day totaled Rs 192,360.
While Nepal Stock House, with the commencement of its operations, has become the first company to start stock trading outside the Valley, others yet to start services are Kumari Securities, Annapurna Securities and Premier Securities.
These companies have been authorized to trade on the shares online and enjoy full access to deal on the stocks of 160 listed companies.
“This expansion of secondary market operations in Pokhara has freed the investors here from the need to travel to Kathmandu for the transactions,” said Bijukchhe.
Apart from this, people willing to bet their money in the stock can now get necessary information from the brokers. On the very first day, a large number of people had flocked in the Nepal Stock House to gather information on how they can invest on shares.
Trading resumes at Nepse
Stock transactions resumed at Nepal Stock Exchange (Nepse) after agitating share investors demanding strong measures to reinvigorate secondary market suspended their strike on Monday.
They had suspended the strike on request of Ministry of Finance, which began talks with the market regulator, Nepal Rastra Bank and Nepse, among others to address their concerns. Their strike had brought transactions to a grinding halt over the last week.
On the day, the market gained 12.72 points (2.62 percent) and closed at 497.86 points. A total of 101,646 units of shares were traded on the day through 1,112 transactions and the turnover for the day stood at Rs 38.74 million.
Of the seven trading groups, Commercial banks gained 10.53 points (2.3 percent), while Others group gained still higher points of 39.94 points (7.45 percent). Development bank and Hydropower groups went through a decline in their indices, while no changes were recorded for Hotels and Insurance groups.
According to Nepse, the market capitalization on the day touched Rs 384.76 billion.
Related story
Nepse ends week on a flat note
