Nepse starts trading from Narayangadh

KATHMANDU: Nepal Stock Exchange Ltd (Nepse) has started share trading from Narayangadh from today — making it a third city outside the Kathmandu Valley to start share trading.

The centralised-Nepse has started expanding its service from the begining of March.

From March 1, it started share trading from Pokhara and from March 4, it started trading from Biratnagar through Remote Work Station (RWS).

“Trishul Securities and Investment Pvt Ltd started share trading from Narayangadh from today,” said Nepse.

“Premier Securities has also started share trading from Pokhara from today.” It is the second broker after Nepal Stock House to start trading from Pokhara. Nepal Investment and Securities Trading, and Pragyan Securities have been trading since last week from Biratnagar.

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.

“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.

Nepse — in coordination with the securities brokers’ association — has planned to start share trading through remote work stations (RWS) in Birgunj, Narayangarh, Butwal and Nepalgunj. Three brokers from Nepalgunj and four brokers each from Biratnagar, Birgunj, Narayangadh are ready to start share trading from their cities.