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...NRB sets 50% loan limit on private vehicle
KATHMANDU, Feb 21: Nepal Rastra Bank (NRB) has said that it won’t allow banks to extend more than 50 percent of the valuation of the private vehicles while lending loan.
Net profit of 25 banks surges by 49 percent
Feb 14, 2017- The profit of commercial banks is likely to grow by almost 50 percent in the second quarter of this fiscal year buoyed by soaring demand for loan after the end of the trade blockade imposed by India.
Banks required to submit loan portfolio to NRB every month
Kathmandu, February 12 - Nepal Rastra Bank (NRB) — the central regulatory and monetary authority — has instructed the banks and financial institutions (BFIs) to submit the monthly details of loan expansion to the productive sector within 15 days of the following month.
NRB tells BFIs to stop interest rate distortion, other anomalies
KATHMANDU, Feb 9: Concluding that the banks and financial institutions (BFIs) are perpetuating anomalies in the financial sector, Nepal Rastra Bank (NRB) has instructed them to abide by self-regulation before the central bank takes stern action against them.
Banks breaching the limit set on lending
Feb 7, 2017- Some of the commercial banks have started posing a threat to the country’s financial stability, as they have been found to be deliberately breaching the regulatory limit on lending for quite some time and covering up the malpractices by manipulating the figures on the balance sheets.
Odd lot shares to be traded in regular hours
KATHMANDU, Feb 4: Nepal Stock Exchange (Nepse) has said that it will now allow trading of odd lot shares (shares below 10 units) during regular trading hours and days.
Kumari Bank gets nod to acquire four institutions
Kathmandu, Feb 01-Nepal Rasta Bank (NRB) has permitted Kumari Bank Ltd to acquire Kasthamandap Development Bank Ltd, Pashchimanchal Finance Company Ltd, Mahakali Bikas Bank Ltd and Kankrebihar Development Bank Ltd.
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Corporate News
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 ...Commercial banks yet to reach 122 local units
KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.
Read more ...Currency war can end global US dollar dominance & those who own gold have power
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| IGI | 7.2973 | 397.0 | 352,720.0 |
| API | 5.6738 | 149.0 | 2,254,309.0 |
| SLICL | 3.9261 | 450.0 | 1,225,598.0 |
| PFL | 3.9063 | 133.0 | 341,863.0 |
| GLICL | 3.4926 | 563.0 | 1,692,704.0 |
Market Summary
| Total Turnover Rs | 370,971,937 |
| Total Traded Shares | 1,374,346 |
| Total Transactions | 4,170 |
| Total Scripts Traded | 162 |
National News
- 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
- Nepal’s bid to remain among the poorest succeeds
- Local units liable for their expenditure
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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