Nepse extends service to Biratnagar

KATHMANDU: Investors based in Biratnagar, rejoice!

Nepal Stock Exchange Ltd (Nepse) has started share trading from Biratnagar from today. Nepal Investment and Securities (broker no. 19) traded 350 units of shares for Rs 7,73,000 today — the first day — in four transactions from Biratnagar through Remote Work Station (RWS), said Nepse.

After Pokhara, Biratnagar has become the second city outside the valley to have started share trading, breaking away from the centralised system.

The Kathmandu-based secondary market has started diversifying its trading from different districts after it was automated. Investors outside Kathmandu Valley have long been asking Nepse to create a mechanism so that they could take part in share trading from their cities.

Nepal Stock House of Pokhara, that registered four transactions of three companies’ 140 units of shares worth Rs 1,92,360 on March 1, today registered 23 transactions of 2,863 units of shares for Rs 1.52 million. “The expansion of the secondary market will help expand the capital market too as it will increase the number of investors and market capitalisation,” said Nepse.

In the first phase, Nepse will start transactions in districts where there is optical fiber connection. Premium Security (broker no. 32) from Pokhara and Nepal Investment and Securities (broker no. 19) and Pragyan Securities (broker no 10) from Biratnagar have got licences to start transactions from their respective districts.

Nepse has planned to start share trading through remote work stations (RWS) in Birgunj, Narayangarh, Butwal and Nepalgunj.