Test automation starts

KATHMANDU: Nepal Stock Exchange (Nepse) for the first time in its 14-year history has started automated trading of shares under Computerised International Standard Securities Trading System. “The software was developed by a British company Comdaq Ltd, states a press release issued here by the country’s sole secondary market. “A full-fledged automated system will begin on August 19,” adds the release. The Nepse floor, on the first day of automation, saw 120 transactions of 25 listed companies. A total of 27,751 unit shares worth Rs 17.12 million were traded under the new system. — HNS

ADBL crosses target

FALEBAS: The Agriculture Development Bank Ltd (ADBL), Kusum Parbat has surpassed its target for the year 2063-64 BS. According to the bank, it achieved a 16 per cent more progress than its target by investing Rs 119 Million. Rs 27,556,000 more was invested this fiscal year, said Puspa Neupane the branch manager. It has recovered Rs 105,163,000,

seven per cent more than its target recovery. The office also distributed green cards to 128

good debtors. — RSS