Nepse steps out to Pokhara
KATHMANDU: Nepal Stock Exchange Ltd (Nepse) has
started trading from Pokhara also.
“The capital-based secondary market has — under its policy of diversification — started trading from a geographically separate district,” said Nepse. The centralised system has been diversified through Remote Work Station (RWS). According to Nepse, Nepal Stock House of Pokhara registered four transactions of three companies’ 140-unit of shares worth Rs 1,92,360.
In the first phase, Nepse will start transactions in districts where there is optical fiber connection. Premium Security (broker no 32), Biratnagar Nepal Investment and Securities (broker no 19) and Pragyan Securities (broker no 10) have also got the licence to start transactions from Pokhara.
Nepse — in coordination with securities brokers’ association — has plans to start share trading through remote work stations in Birgunj, Narayangadh, Butwal, and Nepalgunj. The diversification of share trading will help expand the secondary market and allow people across the country opportunity to speculate.
Three brokers from Nepalgunj and four brokers each from Biratnagar, Birgunj, Narayangadh are ready to start share trading from their cities.
Meanwhile, after a week-long trading halt by agitating investors, Nepse started its trading today. The investors have been protesting against Nepse, Securities Board of Nepal (Sebon) and the Finance Ministry citing lack of concern to develop the capital market.