Kathmandu, January 2:

A group of investors did not let trading happen at the Nepse floor today, the third consecutive day, also. They were demanding Nepal Rastra Bank (NRB) to revoke its directive of stopping margin lending for a month till January 29.

However, Brokers Association of Nepal, has today issuing a press release, appealed them

to start transaction.

“They refused to let transaction happen until NRB revokes its decision,” a broker without wanting to be named said, adding that there are thousands of investors, who are suffering from the trading halt.

“But some two dozen investors are obstructing the transaction, which is illegal,” he said, “Nepse might see transaction on Thursday.”

But investors are firm on their demand and they said they will not let transaction on Thursday also.

“It proves that only and only margin lending has pushed the Nepse up,” said Gopal Tiwari, an investor, “otherwise why they are so adamant.”

Nepal Bankers’ Association has issued a press release today requesting the central bank to review its directive. The NRB has issued a directive to the financial institutions stopping the margin lending for one month.

Meanwhile, a total of 334 applied for brokers’ license. Nepse has called application for 27 brokers.

But one of the applicants filed a case at the Supreme Court saying that the Nepse can not limit the number of brokers rather it should be allow brokers an open-entry and open-exit.