Weekly Stock News October 21- 25
Kathmandu, October 27- The country’s sole secondary market has been quite stable in recent weeks due to the festive season. Market experts have explained that taking into account the general trend of the market, the index is moving in the right direction.
Readmore...Central bank directs BFIs to furnish it with credit details
Jan.14, KATHMANDU: Nepal Rastra Bank (NRB) on Monday directed banks and financial institutions to submit details of all loans and credit facilities approved by the latter.
Most insurers failing to meet paid-up capital requirement
KATHMANDU, Jan 9: Most of the insurance companies are set to miss the extended deadline for raising their minimum paid-up capital.
Govt to intervene to reduce interest rate volatility
Kathmandu, December 19 - The Ministry of Finance is expected to direct the central bank to revise the base rate calculation formula, cap premium on base rate at two per cent, instruct banks to tie-up deposit rate to inflation, and raise the loan-to-value ratio on credit intended for stock investors.
Commercial banks compete to attract fixed deposits
Kathmandu, October 9- Commercial banks have started competing in interest rate to attract fixed deposits, breaching their earlier gentleman’s agreement.
NRB Governor says technology can help in enhancing financial inclusion
KATHMANDU, Oct 1: Nepal Rastra Bank (NRB) has launched Nepal Financial Inclusion Portal to track progress of financial inclusion across the country.
Nepal’s economy to grow at a healthy, but slower rate in FY2019: ADB
KATHMANDU, Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update.
‘Economy on right track’
Kathmandu, Sept 22- Stating that the economy is progressing on the right track, Finance Minister Yubaraj Khatiwada said the country is expected to achieve growth for the third consecutive year this fiscal.
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Corporate News
Country’s forex reserves slump to 32-month low
Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.
Read more ...Doha Bank opens representative office in Nepal
Kathmandu, December 19 - Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the permission granted by the central bank about six months ago.
Read more ...Parliament body asks govt to solve problem of multiple taxation
KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.
Read more ...Trade deficit surged five-fold in last decade
Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| SMATA | 3.5088 | 1,180.0 | 316,942.0 |
| LICN | 3.1555 | 1,798.0 | 106,830.0 |
| NBBL | 3.1507 | 753.0 | 258,187.0 |
| NHPC | 3.0303 | 68.0 | 397,700.0 |
| CLBSL | 2.9915 | 723.0 | 434,360.0 |
Market Summary
| Total Turnover Rs | 292,214,346 |
| Total Traded Shares | 1,024,615 |
| Total Transactions | 7,488 |
| Total Scripts Traded | 156 |
National News
- World Bank forecasts 5.9% growth for Nepal in FY2018/19
- India will continue its support in Nepal’s development activities: Adityanath
- World Bank approves energy credit to Nepal
- Reserve Bank of India unlikely to swap banned Indian notes lying in Nepal
- Govt keen to buy 935,000 tonnes of fertilisers from India
- Transition to federalism may cost 3-4% of GDP: WB
- Nation facing economic crisis ahead, says FM Khatiwada
International News
- Economic reforms in India will help Nepal, says NITI vice chair
- Trade war impact: 25% hike on China's imports to US can make Indian products competitive, says CII
- Trump says deal for young immigrants is ‘NO MORE’
- Rejecting protectionism, ASEAN and Australia commit to free trade
- EU targets 20 nations for helping tax avoidance
- Rasuwagadhi-Kerung becomes int’l crossing point
Corporate Announcement
Dividend - Hotel Soaltee 26.31%
Nov 19, 2018- The meeting of Board of Directors Soaltee Hotel has proposed 26.315789% dividend to its shareholders from the earning of Fiscal Year 2074/75.
Read more ...Dividend - NIC Asia Bank
Nov.18, 2018 - The meeting of Board of Directors of NIC Asia Bank held in Kartik 30, 2075 has proposed 10 percent stock bonus and 0.526 percent cash dividend from the net profit it has earned in the last fiscal year 2074-75.
Read more ...Dividend - Oriental Hotel
Kathmandu- September 25-2018, The meeting of Board of Directors of hotel Oriental (OHL) held on Aashwin 08, 2075 decided to propose 15% stock bonus and 11.32 percent and cash dividend to the shareholders from the earnings of Fiscal Year 2074-75.
Read more ...Uni Lever's Dividend for the Fiscal Year 2074-75
Kathmandu, September 13, 2018 - As per NEPSE, 150th Board meeting of Board of Directors of Unilever Nepal has recommended distribution of Rs700.00 per share as dividend out of the profit available for appropriation for the year 2074/75.
Read more ...Dividend of Mahalaxmi Bikash Bank
Kathmandu, August 28- The board of directors of Mahalaxmi Bikash Bank has proposed 15% dividend (8% stock and 7% cash) from the earning of last fiscal year.
Read more ...Right Share Subscription of NCC Bank starts
Kathmandu, August 21- Nepal Credit and Commerce Bank has opened 50% right share subscription from Bhadra 04, 2075. The share holders having purchased shares up to Sharawan 14,2075 are eligible to apply for the right share of the bank.
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